First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,296 shares of the bank’s stock after acquiring an additional 569 shares during the period. Oppenheimer Asset Management Inc.’s holdings in First Hawaiian were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. raised its stake in First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after buying an additional 507 shares in the last quarter. Blue Trust Inc. boosted its holdings in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Versant Capital Management Inc increased its stake in First Hawaiian by 55.7% in the second quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after purchasing an additional 678 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of First Hawaiian by 48.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after buying an additional 652 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of First Hawaiian by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after buying an additional 710 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Trading Up 0.5 %

Shares of FHB opened at $26.99 on Thursday. The firm has a market capitalization of $3.45 billion, a P/E ratio of 15.42 and a beta of 0.96. The firm’s 50-day moving average is $24.39 and its two-hundred day moving average is $22.99. First Hawaiian, Inc. has a twelve month low of $18.77 and a twelve month high of $28.38.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FHB shares. Piper Sandler boosted their price target on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Barclays boosted their price target on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods boosted their target price on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on shares of First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $24.33.

First Hawaiian Company 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.