26,946 Shares in First Hawaiian, Inc. $FHB Purchased by Diversified Trust Co

Diversified Trust Co bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,946 shares of the bank’s stock, valued at approximately $664,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new position in First Hawaiian during the fourth quarter valued at $26,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after acquiring an additional 1,050 shares during the period. Global Retirement Partners LLC grew its stake in shares of First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after acquiring an additional 534 shares during the period. Eagle Bay Advisors LLC purchased a new stake in First Hawaiian in the 4th quarter worth about $46,000. Finally, Danske Bank A S bought a new stake in First Hawaiian in the 3rd quarter valued at about $47,000. 97.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FHB shares. Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Stephens set a $28.00 price objective on shares of First Hawaiian in a report on Monday, April 27th. Piper Sandler lifted their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. TD Cowen increased their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company lifted their price target on First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $27.56.

First Hawaiian Price Performance

Shares of NASDAQ:FHB opened at $28.96 on Thursday. The firm has a fifty day moving average price of $27.26 and a two-hundred day moving average price of $26.31. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.11 and a beta of 0.74. First Hawaiian, Inc. has a one year low of $22.65 and a one year high of $29.03.

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

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is currently 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.