First Hawaiian, Inc. $FHB Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 2,171.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,519 shares of the bank’s stock after acquiring an additional 6,232 shares during the period. Parkside Financial Bank & Trust’s holdings in First Hawaiian were worth $163,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FHB. Savant Capital LLC grew its position in shares of First Hawaiian by 12.2% in the second quarter. Savant Capital LLC now owns 26,320 shares of the bank’s stock valued at $657,000 after purchasing an additional 2,866 shares during the period. Bank of Montreal Can boosted its stake in First Hawaiian by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after buying an additional 422 shares during the last quarter. Strs Ohio grew its holdings in First Hawaiian by 3.8% in the 2nd quarter. Strs Ohio now owns 73,725 shares of the bank’s stock valued at $1,840,000 after buying an additional 2,667 shares during the period. Atria Investments Inc increased its stake in shares of First Hawaiian by 5.0% during the 2nd quarter. Atria Investments Inc now owns 46,980 shares of the bank’s stock valued at $1,173,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of First Hawaiian by 11,325.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

FHB has been the topic of several research analyst reports. Weiss Ratings cut shares of First Hawaiian from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Piper Sandler boosted their price objective on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Cowen restated a “hold” rating on shares of First Hawaiian in a report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods increased their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $27.50.

First Hawaiian Trading Up 0.2%

Shares of NASDAQ FHB opened at $24.83 on Tuesday. The stock has a fifty day moving average price of $24.80 and a 200 day moving average price of $24.59. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.80. The company has a market cap of $3.07 billion, a P/E ratio of 12.11, a P/E/G ratio of 3.53 and a beta of 0.91.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.The company had revenue of $129.16 million during the quarter. On average, sell-side analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, November 17th. First Hawaiian’s dividend payout ratio is currently 50.73%.

First Hawaiian 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.