2 weeks Ago By Defense World Staff
Charles Schwab Investment Management Inc. raised its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB – Free Report) by 0.
6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,670,929 shares of the bank’s stock after purchasing an additional 9,775 shares during the quarter. Charles Schwab Investment Management Inc.
owned about 1.31% of First Hawaiian worth $43,361,000 at the end of the most recent reporting period. Other large investors have also made changes to their positions in the company.
Jones Financial Companies Lllp purchased a new position in shares of First Hawaiian in the fourth quarter worth about $36,000. Quarry LP grew its holdings in shares of First Hawaiian by 459.2% in the third quarter.
Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after purchasing an additional 2,039 shares in the last quarter. Blue Trust Inc. grew its holdings in First Hawaiian by 49.
2% during the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock worth $71,000 after acquiring an additional 904 shares in the last quarter.
Global Retirement Partners LLC grew its holdings in First Hawaiian by 32.4% during 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 in the last quarter.
Finally, GAMMA Investing LLC grew its holdings in First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after acquiring an additional 461 shares in the last quarter.
97.63% of the stock is owned by hedge funds and other institutional investors. First Hawaiian Price PerformanceShares of NASDAQ:FHB opened at $24.
66 on Friday. The business’s fifty day moving average price is $26.37 and its two-hundred day moving average price is $25.
58. First Hawaiian, Inc. has a fifty-two week low of $19.
48 and a fifty-two week high of $28.80. The stock has a market capitalization of $3.
12 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.
94. First Hawaiian (NASDAQ:FHB – Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.
41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01.
First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%.
During the same quarter last year, the firm earned $0.37 EPS. Research analysts expect that First Hawaiian, Inc.
will post 1.95 EPS for the current fiscal year. First Hawaiian Dividend AnnouncementThe business 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 dividend yield of 4.22%. The ex-dividend date was Friday, February 14th.
First Hawaiian’s dividend payout ratio (DPR) is 58.10%. Wall Street Analysts Forecast GrowthFHB has been the subject of a number of analyst reports.
JPMorgan Chase & Co. upped their price objective 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. Keefe, Bruyette & Woods increased their price objective on shares of First Hawaiian from $28.00 to $31.
00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $22.00 to $24.
00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group raised their price target on shares of First Hawaiian from $26.00 to $29.
00 and gave the company a “sell” rating in a report on Monday, February 3rd. Finally, Piper Sandler lifted their price objective on shares of First Hawaiian from $28.00 to $30.
00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.
00.Read Our Latest Analysis on First HawaiianFirst 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 AlsoFive stocks we like better than First HawaiianTop Stocks Investing in 5G TechnologyRubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadInvesting In Automotive StocksHow Super Micro Computer Stock Is Defying the Market Sell-OffHow to Profit From Growth Investing AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?.
