First Hawaiian, Inc. (NASDAQ:FHB) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 204.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,410 shares of the bank's stock after buying an additional 113,760 shares during the period. Treasurer of the State of North Carolina owned 0.13% of First Hawaiian worth $4,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in First Hawaiian in the 4th quarter valued at about $36,000. Blue Trust Inc. raised its holdings in shares of First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after acquiring an additional 904 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of First Hawaiian by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after buying an additional 461 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in First Hawaiian by 280.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock worth $103,000 after acquiring an additional 2,934 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Stock Down 1.1 %

First Hawaiian stock traded down $0.26 during mid-day trading on Monday, hitting $22.38. 95,069 shares of the company's stock traded hands, compared to its average volume of 717,973. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The firm has a 50 day moving average price of $24.63 and a 200 day moving average price of $25.56. The company has a market cap of $2.82 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company posted $0.37 earnings per share. On average, analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian's dividend payout ratio (DPR) is presently 58.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Barclays reduced their price target on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $28.29.

First Hawaiian Profile

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.