Wellington Management Group LLP Raises Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Wellington Management Group LLP lifted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 699,224 shares of the bank's stock after acquiring an additional 12,523 shares during the period. Wellington Management Group LLP owned 0.55% of First Hawaiian worth $18,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after buying an additional 154,136 shares in the last quarter. BNP Paribas Financial Markets lifted 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 valued at $610,000 after buying an additional 11,604 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of First Hawaiian by 1.1% during 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 in the last quarter. Verition Fund Management LLC bought a new position in First Hawaiian during the 3rd quarter valued at approximately $284,000. Finally, Quarry LP grew its position in First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank's stock valued at $57,000 after purchasing an additional 2,039 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company reduced their price objective 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. Barclays dropped their target price on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Piper Sandler boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on First Hawaiian from $27.00 to $29.00 and gave the company 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 company. According to data from MarketBeat, First Hawaiian presently has a consensus rating of "Hold" and an average price target of $28.29.

First Hawaiian Stock Up 0.6 %

NASDAQ:FHB traded up $0.13 during mid-day trading on Monday, hitting $21.55. 30,452 shares of the stock traded hands, compared to its average volume of 711,475. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.28 and a beta of 0.77. The firm's 50 day moving average is $25.18 and its two-hundred day moving average is $25.57. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week 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 EPS for the quarter, topping 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 prior year, the firm posted $0.37 EPS. As a group, research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current 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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 4.83%. First Hawaiian's dividend payout ratio is currently 58.10%.

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.