Whittier Trust Co. of Nevada Inc. Buys New Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Whittier Trust Co. of Nevada Inc. bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,211 shares of the bank’s stock, valued at approximately $51,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. raised its holdings in First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after purchasing an additional 507 shares in 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 worth $39,000 after purchasing an additional 678 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in First Hawaiian during the first quarter worth approximately $42,000. Blue Trust Inc. raised its holdings in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in First Hawaiian by 48.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after purchasing an additional 652 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Performance

Shares of FHB opened at $23.99 on Friday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 13.79 and a beta of 0.98. The company’s fifty day moving average is $23.49 and its two-hundred day moving average is $22.36. First Hawaiian, Inc. has a 1 year low of $17.33 and a 1 year high of $26.18.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, July 26th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $204.62 million for the quarter, compared to analysts’ expectations of $202.94 million. First Hawaiian had a net margin of 18.83% and a return on equity of 8.96%. Sell-side analysts predict that First Hawaiian, Inc. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FHB shares. JPMorgan Chase & Co. cut their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Barclays lifted their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Wells Fargo & Company cut their target price on shares of First Hawaiian from $22.00 to $20.00 and set an “underweight” rating on the stock in a report on Tuesday, October 1st. Finally, Piper Sandler lifted their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a 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.com, the company has an average rating of “Reduce” and a consensus target price of $24.17.

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.