2 days Ago By ABMN Staff
Envestnet Portfolio Solutions Inc. bought a new position in shares of First Hawaiian, Inc. ( NASDAQ:FHB – Free Report ) during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund bought 8,267 shares of the bank’s stock, valued at approximately $215,000. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of First Hawaiian in the fourth quarter valued at about $36,000.
Quarry LP boosted its holdings in 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 acquiring an additional 2,039 shares during the last quarter.
Blue Trust Inc. increased its position in First Hawaiian by 49.2% during the 4th quarter.
Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after purchasing an additional 904 shares during the period. Global Retirement Partners LLC raised 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 purchasing an additional 693 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position 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 worth $94,000 after purchasing an additional 461 shares during the period. 97.
63% of the stock is currently owned by institutional investors and hedge funds. First Hawaiian Price Performance Shares of First Hawaiian stock opened at $24.29 on Friday.
The business has a 50-day simple moving average of $26.21 and a 200 day simple moving average of $25.63.
First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.
80. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.
57, a PEG ratio of 3.28 and a beta of 0.94.
First Hawaiian Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.26 per share.
The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 4.
28%. First Hawaiian’s payout ratio is 58.10%.
Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group increased their price target on First Hawaiian from $26.
00 to $29.00 and gave the stock a “sell” rating in a report 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 note on Monday, February 3rd. Barclays upped their target price on First Hawaiian from $28.
00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price target on First Hawaiian from $22.
00 to $24.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock.
According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.00. Read Our Latest Research Report on First Hawaiian First Hawaiian Company 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. Further Reading Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Hawaiian, Inc. ( NASDAQ:FHB – Free Report ). Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.
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