First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,563 shares of the bank’s stock after purchasing an additional 46,374 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of First Hawaiian worth $5,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. CKW Financial Group raised its holdings in First Hawaiian by 1.2% in the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock valued at $846,000 after buying an additional 400 shares during the period. M&T Bank Corp increased its position in shares of First Hawaiian by 2.5% during the fourth quarter. M&T Bank Corp now owns 16,661 shares of the bank’s stock valued at $432,000 after acquiring an additional 409 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock valued at $94,000 after acquiring an additional 461 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock worth $74,000 after acquiring an additional 693 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its position in shares of First Hawaiian by 6.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 12,086 shares of the bank’s stock worth $335,000 after purchasing an additional 765 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Trading Down 0.8 %

Shares of NASDAQ:FHB opened at $22.46 on Tuesday. The firm has a 50 day simple moving average of $24.54 and a 200-day simple moving average of $25.56. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The company has a market capitalization of $2.83 billion, a PE ratio of 12.55, a P/E/G ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $0.37 earnings per share. As a group, equities research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.63%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is 58.10%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Monday, February 3rd. Piper Sandler raised their target price on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on shares of First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.29.

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.