AQR Capital Management LLC Has $9.04 Million Position in First Hawaiian, Inc. (NASDAQ:FHB)

AQR Capital Management LLC raised its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 958.2% in the second quarter, Holdings Channel.com reports. The fund owned 439,423 shares of the bank’s stock after acquiring an additional 397,897 shares during the quarter. AQR Capital Management LLC’s holdings in First Hawaiian were worth $9,043,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FHB. Whittier Trust Co. lifted its stake in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the last quarter. Versant Capital Management Inc raised its holdings in First Hawaiian by 55.7% during 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. TFO Wealth Partners LLC lifted its position in shares of First Hawaiian by 35,620.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock worth $41,000 after buying an additional 1,781 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of First Hawaiian during the 1st quarter worth about $42,000. Finally, Abich Financial Wealth Management LLC increased its holdings 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 valued at $44,000 after acquiring an additional 652 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FHB shares. JPMorgan Chase & Co. cut First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 target price for the company. in a research report on Monday, July 29th. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Piper Sandler lifted their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays boosted their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their price target on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $24.33.

First Hawaiian Price Performance

NASDAQ:FHB opened at $22.33 on Thursday. First Hawaiian, Inc. has a one year low of $17.18 and a one year high of $26.18. The company has a fifty day moving average price of $23.61 and a 200 day moving average price of $22.13. The stock has a market cap of $2.85 billion, a P/E ratio of 12.83 and a beta of 0.98.

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

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.26 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.04 annualized dividend and a yield of 4.66%. First Hawaiian’s dividend payout ratio (DPR) is 59.77%.

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.