First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Retirement Planning Group LLC

Retirement Planning Group LLC raised its position in First Hawaiian, Inc. (NASDAQ:FHB) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,634 shares of the bank’s stock after buying an additional 938 shares during the period. Retirement Planning Group LLC’s holdings in First Hawaiian were worth $899,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FHB. Norges Bank acquired a new stake in First Hawaiian in the 4th quarter worth about $36,266,000. Raymond James Financial Inc. acquired a new stake in First Hawaiian in the 4th quarter worth about $32,086,000. Alliancebernstein L.P. boosted its holdings in First Hawaiian by 19.7% in the 4th quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank’s stock worth $136,087,000 after buying an additional 864,420 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in First Hawaiian by 427.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank’s stock worth $16,030,000 after buying an additional 500,535 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in First Hawaiian by 40.7% in the 4th quarter. First Trust Advisors LP now owns 927,586 shares of the bank’s stock worth $24,071,000 after buying an additional 268,191 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Monday, February 3rd. Piper Sandler boosted their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company lowered their target price on First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their target price on First Hawaiian from $26.00 to $25.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Finally, Barclays lowered their target price on First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, First Hawaiian presently has a consensus rating of “Hold” and a consensus target price of $27.29.

First Hawaiian Price Performance

Shares of First Hawaiian stock opened at $23.60 on Friday. The stock has a market cap of $2.97 billion, a P/E ratio of 13.18, a P/E/G ratio of 3.28 and a beta of 0.82. The stock’s 50 day simple moving average is $23.35 and its 200-day simple moving average is $25.46. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. As a group, research analysts expect 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 will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, May 19th. First Hawaiian’s payout ratio is presently 56.52%.

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.