First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC lifted its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 32.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,628 shares of the bank’s stock after purchasing an additional 644 shares during the period. Abich Financial Wealth Management LLC’s holdings in First Hawaiian were worth $55,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of First Hawaiian by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 14,651,233 shares of the bank’s stock worth $334,927,000 after buying an additional 87,304 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after purchasing an additional 370,722 shares during the last quarter. American Century Companies Inc. grew its stake in shares of First Hawaiian by 6.5% during the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after purchasing an additional 203,407 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in First Hawaiian by 124.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 2,540,656 shares of the bank’s stock valued at $58,079,000 after buying an additional 1,408,160 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in First Hawaiian by 0.9% in the second quarter. Reinhart Partners LLC. now owns 2,319,992 shares of the bank’s stock valued at $48,163,000 after buying an additional 20,770 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Trading Down 1.0 %

FHB stock opened at $22.70 on Thursday. The business has a 50 day simple moving average of $23.78 and a 200-day simple moving average of $22.08. The company has a market capitalization of $2.90 billion, a P/E ratio of 13.05 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.

First Hawaiian (NASDAQ:FHB) last issued 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 firm had revenue of $204.62 million during the quarter, compared to analysts’ expectations of $202.94 million. First Hawaiian had a net margin of 18.83% and a return on equity of 8.96%. Research analysts predict that First Hawaiian, Inc. will post 1.79 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday, August 19th. First Hawaiian’s dividend payout ratio is currently 59.77%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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 research report on Monday, July 29th. Barclays increased their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their target price on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company increased their target price on shares of First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, First Hawaiian has an average rating of “Reduce” and an average price target of $24.67.

First Hawaiian Company 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.