Granite Investment Partners LLC Has $19.01 Million Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Granite Investment Partners LLC trimmed its position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732,713 shares of the bank's stock after selling 16,130 shares during the quarter. Granite Investment Partners LLC owned approximately 0.57% of First Hawaiian worth $19,014,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in First Hawaiian in the fourth quarter valued at approximately $36,000. Blue Trust Inc. lifted its stake in shares of First Hawaiian by 49.2% in the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock valued at $71,000 after purchasing an additional 904 shares during the period. Global Retirement Partners LLC boosted its position in shares of First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after purchasing an additional 693 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of First Hawaiian by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after purchasing an additional 461 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock valued at $103,000 after purchasing an additional 2,934 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their price target on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group increased their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. Piper Sandler lifted their price objective on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Barclays lowered their target price on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, First Hawaiian has a consensus rating of "Hold" and an average price target of $28.29.

First Hawaiian Stock Performance

FHB traded up $0.39 on Friday, hitting $22.64. 1,089,416 shares of the company were exchanged, compared to its average volume of 721,668. The stock's fifty day moving average is $24.74 and its 200-day moving average is $25.51. The company has a market cap of $2.86 billion, a PE ratio of 12.65, a PEG ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.59%. First Hawaiian's payout ratio is 58.10%.

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.