Impact Partnership Wealth LLC Acquires New Holdings in First Hawaiian, Inc. $FHB

Impact Partnership Wealth LLC acquired a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,747 shares of the bank’s stock, valued at approximately $474,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in First Hawaiian by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock valued at $365,777,000 after purchasing an additional 358,632 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in First Hawaiian by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 6,158,776 shares of the bank’s stock valued at $152,923,000 after purchasing an additional 97,803 shares in the last quarter. State Street Corp boosted its position in First Hawaiian by 1.3% during the second quarter. State Street Corp now owns 5,883,194 shares of the bank’s stock valued at $146,845,000 after purchasing an additional 77,478 shares in the last quarter. American Century Companies Inc. boosted its position in First Hawaiian by 131.9% during the third quarter. American Century Companies Inc. now owns 2,891,661 shares of the bank’s stock valued at $71,800,000 after purchasing an additional 1,644,752 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in First Hawaiian by 230.8% during the third quarter. AQR Capital Management LLC now owns 2,206,361 shares of the bank’s stock valued at $54,784,000 after purchasing an additional 1,539,415 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

FHB has been the topic of a number of recent research reports. TD Cowen raised their price objective on First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Wells Fargo & Company raised their price target on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, March 30th. Stephens set a $28.00 price target on First Hawaiian in a report on Monday, April 27th. Piper Sandler raised their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Wall Street Zen downgraded First Hawaiian from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $27.56.

First Hawaiian Stock Performance

Shares of NASDAQ FHB opened at $26.98 on Friday. The company has a market cap of $3.28 billion, a PE ratio of 11.83, a P/E/G ratio of 1.99 and a beta of 0.75. The business has a 50-day simple moving average of $26.25 and a two-hundred day simple moving average of $25.91. First Hawaiian, Inc. has a fifty-two week low of $22.65 and a fifty-two week high of $28.35.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same quarter last year, the company earned $0.47 earnings per share. On average, sell-side analysts predict that First Hawaiian, Inc. will post 2.33 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 45.61%.

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.