Golden State Equity Partners Sells 730 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Golden State Equity Partners cut its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,094 shares of the bank’s stock after selling 730 shares during the period. Golden State Equity Partners’ holdings in First Hawaiian were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in First Hawaiian by 1.2% during the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock worth $15,897,000 after acquiring an additional 7,926 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in First Hawaiian during the third quarter worth about $632,000. Jane Street Group LLC lifted its holdings in First Hawaiian by 91.4% during the third quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after acquiring an additional 84,120 shares in the last quarter. FMR LLC lifted its holdings in First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after acquiring an additional 154,136 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in First Hawaiian by 78.7% during the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock worth $610,000 after acquiring an additional 11,604 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FHB. JPMorgan Chase & Co. boosted their price target on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Monday. Piper Sandler boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company boosted their price target on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday. The Goldman Sachs Group boosted their price target on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, First Hawaiian has a consensus rating of “Hold” and an average target price of $29.00.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $27.58 on Tuesday. The stock’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $25.03. The company has a market cap of $3.53 billion, a P/E ratio of 15.41 and a beta of 0.99. First Hawaiian, Inc. has a 52-week low of $19.48 and a 52-week high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period in the prior year, the company earned $0.37 EPS. As a group, equities analysts predict that First Hawaiian, Inc. will post 1.74 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

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.