Benjamin F. Edwards & Company Inc. Has $80,000 Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Benjamin F. Edwards & Company Inc. boosted its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 100.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,870 shares of the bank’s stock after buying an additional 1,943 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in First Hawaiian were worth $80,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. boosted 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. TFO Wealth Partners LLC boosted its stake in First Hawaiian by 35,620.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock valued at $41,000 after buying an additional 1,781 shares in the last quarter. Versant Capital Management Inc boosted 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 buying an additional 678 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in First Hawaiian by 48.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after buying an additional 652 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in First Hawaiian by 50.3% in the second 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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted their price target on First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Piper Sandler lifted their price target on First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays lifted their price target on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research note on Monday, July 29th. Finally, Wells Fargo & Company lifted their price target on First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, First Hawaiian has a consensus rating of “Reduce” and an average target price of $24.67.

First Hawaiian Stock Down 1.4 %

Shares of NASDAQ:FHB opened at $22.80 on Friday. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 13.10 and a beta of 0.98. First Hawaiian, Inc. has a 12-month low of $17.18 and a 12-month high of $26.18. The business’s 50 day moving average is $23.76 and its 200 day moving average is $22.08.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, July 26th. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. First Hawaiian had a return on equity of 8.96% and a net margin of 18.83%. The business had revenue of $204.62 million for the quarter, compared to analysts’ expectations of $202.94 million. As a group, equities research analysts expect that First Hawaiian, Inc. will post 1.79 earnings per share for the current year.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.56%. First Hawaiian’s dividend payout ratio is currently 59.77%.

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.