Amundi Grows Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Amundi lifted its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 186.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,503 shares of the bank’s stock after acquiring an additional 41,989 shares during the period. Amundi owned 0.05% of First Hawaiian worth $1,617,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FHB. Jones Financial Companies Lllp acquired a new stake in First Hawaiian during the fourth quarter worth approximately $36,000. Quarry LP raised its stake in First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares in the last quarter. Blue Trust Inc. lifted its position in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after acquiring an additional 904 shares during the last quarter. Global Retirement Partners LLC boosted its stake in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after acquiring an additional 693 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of First Hawaiian by 14.6% during the fourth 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 last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FHB shares. Keefe, Bruyette & Woods boosted their target price on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a report on Monday, February 3rd. Piper Sandler increased their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Stephens started coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.00.

First Hawaiian Stock Performance

Shares of FHB opened at $24.60 on Tuesday. The stock has a market capitalization of $3.11 billion, a P/E ratio of 13.74, a P/E/G ratio of 3.28 and a beta of 0.94. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The company’s fifty day moving average is $26.35 and its two-hundred day moving average is $25.60.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter last year, the business earned $0.37 EPS. Sell-side analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.23%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

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.