SkyView Investment Advisors LLC Raises Position in First Hawaiian, Inc. (NASDAQ:FHB)

SkyView Investment Advisors LLC grew its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 38,545 shares of the bank’s stock after purchasing an additional 999 shares during the period. SkyView Investment Advisors LLC’s holdings in First Hawaiian were worth $892,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FHB. Wealth Enhancement Advisory Services LLC lifted its position in First Hawaiian by 5.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock valued at $237,000 after acquiring an additional 488 shares during the period. Whittier Trust Co. increased its stake in shares of First Hawaiian by 68.7% during 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of First Hawaiian by 5.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock valued at $262,000 after purchasing an additional 569 shares during the last quarter. Blue Trust Inc. boosted its position in shares of First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its stake in shares of First Hawaiian by 32.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after buying an additional 644 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Performance

FHB opened at $27.47 on Thursday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 15.70 and a beta of 0.98. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The company has a fifty day moving average of $25.77 and a 200 day moving average of $23.62.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.79%. First Hawaiian’s dividend payout ratio is currently 59.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FHB shares. The Goldman Sachs Group lifted their price objective on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Barclays upped their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.14.

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.