Versant Capital Management Inc Increases Position in First Hawaiian, Inc. (NASDAQ:FHB)

Versant Capital Management Inc lifted its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 55.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,895 shares of the bank’s stock after purchasing an additional 678 shares during the quarter. Versant Capital Management Inc’s holdings in First Hawaiian were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FHB. SG Americas Securities LLC purchased a new position in shares of First Hawaiian in the 4th quarter valued at about $352,000. Global Retirement Partners LLC boosted its holdings in First Hawaiian by 196.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after buying an additional 831 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Hawaiian during the 4th quarter worth approximately $492,000. Nisa Investment Advisors LLC boosted its holdings in shares of First Hawaiian by 13.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 15,710 shares of the bank’s stock worth $359,000 after purchasing an additional 1,816 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of First Hawaiian by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,393,238 shares of the bank’s stock worth $31,849,000 after purchasing an additional 7,783 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

FHB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research report on Monday, July 29th. Barclays raised their price target on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Piper Sandler raised their price objective on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company raised their price target on First Hawaiian from $18.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, First Hawaiian presently has an average rating of “Reduce” and an average target price of $24.67.

First Hawaiian Trading Up 0.9 %

FHB traded up $0.20 on Wednesday, hitting $23.26. 39,948 shares of the company’s stock were exchanged, compared to its average volume of 696,819. The firm has a market cap of $2.97 billion, a PE ratio of 13.25 and a beta of 0.98. First Hawaiian, Inc. has a twelve month low of $17.18 and a twelve month high of $26.18. The stock has a fifty day moving average of $21.77 and a two-hundred day moving average of $21.55.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Monday, August 19th. First Hawaiian’s dividend payout ratio (DPR) is presently 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.