Natixis Advisors LLC Acquires 2,825 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Natixis Advisors LLC boosted its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,129 shares of the bank’s stock after buying an additional 2,825 shares during the quarter. Natixis Advisors LLC’s holdings in First Hawaiian were worth $574,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FHB. Jones Financial Companies Lllp bought a new position in shares of First Hawaiian in the 4th quarter worth $36,000. Quarry LP raised its holdings in First Hawaiian by 459.2% in 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 in the last quarter. Blue Trust Inc. lifted its position in shares of First Hawaiian by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after buying an additional 904 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after buying an additional 693 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after buying an additional 461 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FHB. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note 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 research note on Monday, February 3rd. Wells Fargo & Company increased their price target on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Barclays upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.00.

First Hawaiian Stock Performance

Shares of FHB stock opened at $24.77 on Friday. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The firm has a market capitalization of $3.13 billion, a PE ratio of 13.84, a P/E/G ratio of 3.28 and a beta of 0.94. The stock’s 50-day simple moving average is $26.24 and its 200-day simple moving average is $25.62.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.37 earnings per share. Sell-side analysts forecast that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 4.20%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

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.