LPL Financial LLC Acquires 31,904 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

LPL Financial LLC boosted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,687 shares of the bank's stock after acquiring an additional 31,904 shares during the period. LPL Financial LLC owned 0.13% of First Hawaiian worth $4,455,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FHB. Wellington Management Group LLP grew its stake in shares of First Hawaiian by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank's stock valued at $15,897,000 after purchasing an additional 7,926 shares during the period. Jane Street Group LLC boosted its position in First Hawaiian by 91.4% in the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank's stock valued at $4,077,000 after buying an additional 84,120 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in First Hawaiian during the 3rd quarter worth about $632,000. Steward Partners Investment Advisory LLC boosted its stake in First Hawaiian by 88.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank's stock valued at $351,000 after acquiring an additional 6,366 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in First Hawaiian by 78.7% in the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank's stock valued at $610,000 after purchasing an additional 11,604 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their target price on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group raised their price objective on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, First Hawaiian has an average rating of "Hold" and an average price target of $28.29.

First Hawaiian Trading Up 1.6 %

Shares of First Hawaiian stock traded up $0.34 on Tuesday, hitting $22.08. 60,246 shares of the company traded hands, compared to its average volume of 712,946. The company has a market cap of $2.79 billion, a P/E ratio of 12.34, a P/E/G ratio of 3.28 and a beta of 0.77. The firm's 50-day simple moving average is $25.05 and its 200 day simple moving average is $25.56. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the previous year, the firm earned $0.37 EPS. Analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 4.71%. First Hawaiian's dividend payout ratio is presently 58.10%.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.