LPL Financial LLC Boosts Stake in First Hawaiian, Inc. (NASDAQ:FHB)

LPL Financial LLC raised its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,687 shares of the bank’s stock after buying an additional 31,904 shares during the period. LPL Financial LLC owned about 0.13% of First Hawaiian worth $4,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of First Hawaiian by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank’s stock valued at $43,361,000 after acquiring an additional 9,775 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Hawaiian in the 4th quarter worth $32,086,000. Wellington Management Group LLP grew its stake in shares of First Hawaiian by 1.2% during the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock worth $15,897,000 after acquiring an additional 7,926 shares during the last quarter. Principal Financial Group Inc. grew its position in First Hawaiian by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank’s stock worth $16,082,000 after purchasing an additional 17,515 shares during the last quarter. Finally, Swiss National Bank lifted its position in First Hawaiian by 0.8% during the 4th quarter. Swiss National Bank now owns 251,567 shares of the bank’s stock worth $6,528,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Up 6.0 %

Shares of FHB stock opened at $22.54 on Thursday. The company’s 50-day moving average price is $25.43 and its 200-day moving average price is $25.58. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FHB. The Goldman Sachs Group upped their target price on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Monday, February 3rd. Piper Sandler increased their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on First Hawaiian from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.29.

About First Hawaiian

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.