First Hawaiian, Inc. (NASDAQ:FHB) Stake Lifted by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,546 shares of the bank’s stock after purchasing an additional 652 shares during the period. SkyView Investment Advisors LLC’s holdings in First Hawaiian were worth $779,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its position in shares of First Hawaiian by 68.7% during 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 in the last quarter. Versant Capital Management Inc boosted 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 buying an additional 678 shares in the last quarter. TFO Wealth Partners LLC grew its position 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 worth $41,000 after buying an additional 1,781 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of First Hawaiian in the first quarter valued at $42,000. Finally, Abich Financial Wealth Management LLC lifted its position 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FHB shares. Piper Sandler lifted their target price on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price objective on First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Barclays raised their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods boosted their price target 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. Finally, JPMorgan Chase & Co. lowered shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $24.67.

First Hawaiian Stock Performance

Shares of FHB opened at $22.80 on Friday. The company has a market capitalization of $2.91 billion, a PE ratio of 13.10 and a beta of 0.98. The company’s 50 day moving average price is $23.73 and its 200 day moving average price is $22.09. First Hawaiian, Inc. has a 52 week low of $17.18 and a 52 week high of $26.18.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, July 26th. The bank reported $0.48 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $202.94 million. On average, equities analysts forecast that First Hawaiian, Inc. will post 1.79 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, August 19th. First Hawaiian’s dividend payout ratio (DPR) is presently 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.