Golden State Equity Partners Sells 730 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Golden State Equity Partners reduced its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,094 shares of the bank’s stock after selling 730 shares during the quarter. Golden State Equity Partners’ holdings in First Hawaiian were worth $418,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in First Hawaiian during the third quarter worth $51,000. Quarry LP lifted its stake in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares during the last quarter. GAMMA Investing LLC lifted its stake in First Hawaiian by 49.1% during the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after purchasing an additional 1,041 shares during the last quarter. Finally, KBC Group NV lifted its stake in First Hawaiian by 72.1% during the fourth quarter. KBC Group NV now owns 6,154 shares of the bank’s stock worth $160,000 after purchasing an additional 2,579 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday. Stephens began coverage on First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Piper Sandler upped their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company upped their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, First Hawaiian has a consensus rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Stock Down 0.1 %

NASDAQ FHB opened at $27.58 on Tuesday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 15.41 and a beta of 0.99. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a fifty day simple moving average of $26.41 and a 200 day simple moving average of $25.03.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data 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 return on equity of 8.91% and a net margin of 19.74%. During the same period in the prior year, the business earned $0.37 earnings per share. Research analysts expect that First Hawaiian, Inc. will post 1.74 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.26 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.77%. First Hawaiian’s payout ratio is 58.10%.

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.