10,727 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,727 shares of the bank’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in First Hawaiian by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 14,651,233 shares of the bank’s stock worth $334,927,000 after acquiring an additional 87,304 shares during the period. American Century Companies Inc. lifted its position in First Hawaiian by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after acquiring an additional 203,407 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in First Hawaiian by 124.3% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,540,656 shares of the bank’s stock worth $58,079,000 after acquiring an additional 1,408,160 shares during the period. Reinhart Partners LLC. lifted its position in First Hawaiian by 0.9% during the 2nd quarter. Reinhart Partners LLC. now owns 2,319,992 shares of the bank’s stock worth $48,163,000 after acquiring an additional 20,770 shares during the period. Finally, Norges Bank acquired a new stake in First Hawaiian during the 4th quarter worth about $32,689,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Trading Down 1.7 %

NASDAQ FHB opened at $23.80 on Monday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.68 and a beta of 0.98. First Hawaiian, Inc. has a twelve month low of $17.18 and a twelve month high of $26.18. The stock has a 50-day moving average of $23.84 and a 200 day moving average of $22.04.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, July 26th. The bank reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $204.62 million during the quarter, compared to analysts’ expectations of $202.94 million. First Hawaiian had a return on equity of 8.96% and a net margin of 18.83%. Equities analysts predict that First Hawaiian, Inc. will post 1.79 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.04 annualized dividend and a yield of 4.37%. First Hawaiian’s dividend payout ratio (DPR) is currently 59.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price objective on First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Barclays boosted their price objective on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. cut First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a report on Monday, July 29th. Finally, Piper Sandler boosted their price objective on First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $24.67.

First Hawaiian Profile

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.