First Hawaiian, Inc. $FHB Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 268.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,182 shares of the bank’s stock after acquiring an additional 43,103 shares during the quarter. Cwm LLC’s holdings in First Hawaiian were worth $1,469,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FHB. Farther Finance Advisors LLC increased its holdings in First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after purchasing an additional 438 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of First Hawaiian by 11,325.0% during the second quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock worth $34,000 after buying an additional 1,359 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of First Hawaiian by 333.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,759 shares of the bank’s stock worth $69,000 after buying an additional 2,123 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of First Hawaiian by 538.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the bank’s stock worth $102,000 after buying an additional 3,438 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in First Hawaiian in the first quarter valued at $134,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays upgraded First Hawaiian from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.00 to $28.00 in a research note on Tuesday, November 11th. Keefe, Bruyette & Woods upped their price target on First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, October 28th. Cowen restated a “hold” rating on shares of First Hawaiian in a research note on Tuesday, October 28th. Piper Sandler boosted their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of First Hawaiian in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $27.71.

Insiders Place Their Bets

In related news, insider Alan Arizumi sold 36,460 shares of First Hawaiian stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total transaction of $924,261.00. Following the completion of the sale, the insider owned 37,508 shares of the company’s stock, valued at approximately $950,827.80. This trade represents a 49.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

First Hawaiian Trading Up 1.5%

First Hawaiian stock opened at $25.67 on Monday. First Hawaiian, Inc. has a 52 week low of $20.32 and a 52 week high of $28.28. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.59 and a beta of 0.73. The company’s 50-day moving average price is $25.19 and its two-hundred day moving average price is $25.04.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $129.16 million for the quarter. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. Research analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. First Hawaiian’s payout ratio is presently 50.73%.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.