First Hawaiian, Inc. (NASDAQ:FHB) Stake Cut by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,301 shares of the bank's stock after selling 17,862 shares during the quarter. NewEdge Wealth LLC owned about 0.08% of First Hawaiian worth $2,603,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock worth $43,000 after purchasing an additional 625 shares during the period. Quarry LP lifted its position in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank's stock valued at $57,000 after buying an additional 2,039 shares in the last quarter. Global Retirement Partners LLC grew its stake in First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after buying an additional 693 shares during the period. GAMMA Investing LLC increased its position in shares of First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after acquiring an additional 461 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of First Hawaiian by 72.1% in the 4th quarter. KBC Group NV now owns 6,154 shares of the bank's stock valued at $160,000 after acquiring an additional 2,579 shares during the period. Institutional investors and hedge funds own 97.63% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently weighed in on FHB shares. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 price target for the company. Piper Sandler upped their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $29.00.

First Hawaiian Stock Down 1.4 %

Shares of FHB traded down $0.38 during trading on Tuesday, reaching $26.52. The company's stock had a trading volume of 415,073 shares, compared to its average volume of 749,932. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 3.28 and a beta of 0.99. The company has a fifty day moving average of $26.50 and a two-hundred day moving average of $25.50. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly 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 net margin of 19.74% and a return on equity of 8.91%. During the same period in the previous year, the firm earned $0.37 EPS. As a group, equities analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a yield of 3.92%. First Hawaiian's dividend payout ratio (DPR) is 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.