Corient Private Wealth LLC Buys 23,622 Shares of First Hawaiian, Inc. $FHB

Corient Private Wealth LLC lifted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 150.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,366 shares of the bank’s stock after buying an additional 23,622 shares during the quarter. Corient Private Wealth LLC’s holdings in First Hawaiian were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FHB. Oak Thistle LLC bought a new stake in shares of First Hawaiian during the fourth quarter valued at approximately $1,243,000. SG Americas Securities LLC lifted its position in First Hawaiian by 409.2% during the fourth quarter. SG Americas Securities LLC now owns 89,506 shares of the bank’s stock valued at $2,265,000 after buying an additional 71,927 shares during the period. Elo Mutual Pension Insurance Co boosted its holdings in shares of First Hawaiian by 94.2% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 51,139 shares of the bank’s stock valued at $1,270,000 after buying an additional 24,805 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of First Hawaiian by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock valued at $365,777,000 after buying an additional 358,632 shares in the last quarter. Finally, Ruffer LLP purchased a new stake in shares of First Hawaiian in the 4th quarter worth about $3,028,000. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on FHB shares. Stephens set a $28.00 price target on shares of First Hawaiian in a research note on Monday, April 27th. Piper Sandler upped their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Wells Fargo & Company boosted their price target on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, March 30th. Finally, TD Cowen upped their price target on First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, First Hawaiian presently has a consensus rating of “Reduce” and an average target price of $28.31.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $29.97 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.22 and a beta of 0.72. First Hawaiian, Inc. has a fifty-two week low of $22.65 and a fifty-two week high of $30.56. The firm has a 50-day simple moving average of $27.61 and a two-hundred day simple moving average of $26.48.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $220.35 million during the quarter, compared to analyst estimates of $223.59 million. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. During the same period in the previous year, the business earned $0.47 EPS. On average, equities research analysts predict that First Hawaiian, Inc. will post 2.33 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.5%. First Hawaiian’s dividend payout ratio (DPR) is 45.61%.

First Hawaiian Profile

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.