TFO Wealth Partners LLC Buys 1,781 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

TFO Wealth Partners LLC grew its stake in First Hawaiian, Inc. (NASDAQ:FHBFree Report) by 35,620.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,786 shares of the bank’s stock after acquiring an additional 1,781 shares during the period. TFO Wealth Partners LLC’s holdings in First Hawaiian were worth $41,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of First Hawaiian by 17.8% during the third quarter. The Manufacturers Life Insurance Company now owns 10,351,384 shares of the bank’s stock valued at $186,842,000 after purchasing an additional 1,561,662 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Hawaiian by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,509,201 shares of the bank’s stock valued at $103,082,000 after purchasing an additional 668,871 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of First Hawaiian by 10.2% during the fourth quarter. Reinhart Partners LLC. now owns 2,251,009 shares of the bank’s stock valued at $51,458,000 after purchasing an additional 207,652 shares in the last quarter. Yacktman Asset Management LP boosted its stake in shares of First Hawaiian by 0.3% during the fourth quarter. Yacktman Asset Management LP now owns 1,936,687 shares of the bank’s stock valued at $44,273,000 after purchasing an additional 5,812 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of First Hawaiian by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,716,907 shares of the bank’s stock valued at $39,248,000 after purchasing an additional 9,430 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Stock Up 0.0 %

NASDAQ:FHB opened at $20.06 on Friday. First Hawaiian, Inc. has a 52 week low of $17.18 and a 52 week high of $23.22. The firm has a 50 day moving average of $21.28 and a 200 day moving average of $21.36. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 11.53 and a beta of 0.98.

First Hawaiian (NASDAQ:FHBGet Free Report) last posted its earnings results on Friday, April 26th. The bank reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. First Hawaiian had a net margin of 19.20% and a return on equity of 9.16%. The company had revenue of $205.80 million during the quarter, compared to analysts’ expectations of $202.41 million. As a group, analysts expect that First Hawaiian, Inc. will post 1.71 EPS for the current year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.26 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.18%. First Hawaiian’s dividend payout ratio is currently 59.77%.

Analyst Ratings Changes

Separately, Barclays started coverage on shares of First Hawaiian in a research note on Friday, March 8th. They set an “equal weight” rating and a $25.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $21.75.

View Our Latest Research Report on First Hawaiian

First Hawaiian Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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