Vanguard Group Inc. Increases Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Vanguard Group Inc. grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,305,856 shares of the bank's stock after purchasing an additional 27,118 shares during the period. Vanguard Group Inc. owned approximately 11.19% of First Hawaiian worth $371,237,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cerity Partners LLC increased its holdings in First Hawaiian by 98.2% in the third quarter. Cerity Partners LLC now owns 26,836 shares of the bank's stock valued at $621,000 after buying an additional 13,297 shares in the last quarter. FMR LLC boosted its position in First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after purchasing an additional 154,136 shares in the last quarter. BNP Paribas Financial Markets boosted its position in First Hawaiian by 78.7% during the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank's stock worth $610,000 after purchasing an additional 11,604 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in First Hawaiian by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,087 shares of the bank's stock valued at $7,665,000 after purchasing an additional 3,682 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of First Hawaiian during the 3rd quarter worth $284,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

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First Hawaiian Price Performance

FHB stock traded up $0.01 during midday trading on Monday, hitting $21.67. The stock had a trading volume of 1,298,719 shares, compared to its average volume of 701,422. The company's 50-day moving average price is $25.83 and its 200 day moving average price is $25.65. The firm has a market cap of $2.73 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. 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 announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $0.37 earnings per share. As a group, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian's dividend payout ratio is currently 58.10%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Barclays raised their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Piper Sandler lifted their price objective 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 increased 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. Finally, Wells Fargo & Company raised their price target on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, First Hawaiian presently has an average rating of "Hold" and a consensus target price of $29.00.

First Hawaiian Company 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.