Abich Financial Wealth Management LLC Boosts Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Abich Financial Wealth Management LLC lifted its position in First Hawaiian, Inc. (NASDAQ:FHB) by 48.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,984 shares of the bank’s stock after purchasing an additional 652 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in First Hawaiian were worth $44,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in First Hawaiian by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 14,651,233 shares of the bank’s stock worth $334,927,000 after purchasing an additional 87,304 shares during the period. Dimensional Fund Advisors LP lifted its holdings in First Hawaiian by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,509,201 shares of the bank’s stock valued at $103,082,000 after acquiring an additional 668,871 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in First Hawaiian by 124.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,540,656 shares of the bank’s stock worth $58,079,000 after purchasing an additional 1,408,160 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of First Hawaiian by 2.1% during the 1st quarter. Reinhart Partners LLC. now owns 2,299,222 shares of the bank’s stock worth $50,491,000 after purchasing an additional 48,213 shares during the period. Finally, Yacktman Asset Management LP increased its holdings in shares of First Hawaiian by 0.3% during the 4th quarter. Yacktman Asset Management LP now owns 1,936,687 shares of the bank’s stock valued at $44,273,000 after purchasing an additional 5,812 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on FHB shares. Barclays boosted their price objective on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Piper Sandler boosted their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised their price target on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group lifted 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. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, First Hawaiian currently has a consensus rating of “Reduce” and a consensus target price of $24.67.

First Hawaiian Price Performance

Shares of FHB traded down $0.65 during mid-day trading on Friday, reaching $23.46. The company’s stock had a trading volume of 625,505 shares, compared to its average volume of 952,503. First Hawaiian, Inc. has a 12-month low of $17.18 and a 12-month high of $26.18. The stock has a market cap of $3.00 billion, a PE ratio of 13.48 and a beta of 0.98. The company’s 50 day moving average is $21.66 and its 200 day moving average is $21.52.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Monday, August 19th. First Hawaiian’s dividend payout ratio is presently 59.77%.

First Hawaiian Company 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.