First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by Atria Investments Inc

Atria Investments Inc grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,769 shares of the bank’s stock after buying an additional 3,000 shares during the period. Atria Investments Inc’s holdings in First Hawaiian were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Whittier Trust Co. lifted its stake in shares of First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the period. Versant Capital Management Inc lifted its position in shares of First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after acquiring an additional 678 shares during the period. Blue Trust Inc. boosted its stake in shares of First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after acquiring an additional 625 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of First Hawaiian by 48.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after acquiring an additional 652 shares during the period. Finally, GAMMA Investing LLC increased its stake in First Hawaiian by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after purchasing an additional 710 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FHB shares. The Goldman Sachs Group upped their target price on First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a report on Monday, July 29th. Piper Sandler increased their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays lifted their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their price objective on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, First Hawaiian currently has an average rating of “Reduce” and a consensus target price of $24.33.

First Hawaiian Price Performance

First Hawaiian stock opened at $26.91 on Tuesday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 15.54 and a beta of 0.96. The firm’s 50-day moving average is $24.24 and its two-hundred day moving average is $22.92. First Hawaiian, Inc. has a 12-month low of $18.77 and a 12-month high of $28.38.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 3.86%. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

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.