Impact Partnership Wealth LLC Makes New $268,000 Investment in First Hawaiian, Inc. (NASDAQ:FHB)

Impact Partnership Wealth LLC acquired a new stake in First Hawaiian, Inc. (NASDAQ:FHB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,335 shares of the bank’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in First Hawaiian by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock valued at $218,025,000 after buying an additional 942,634 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of First Hawaiian by 958.2% during the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after acquiring an additional 397,897 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after acquiring an additional 235,253 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of First Hawaiian during the 3rd quarter worth about $3,736,000. Finally, FMR LLC lifted its stake in First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after purchasing an additional 154,136 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FHB has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Stephens began coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their target price on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, First Hawaiian has an average rating of “Hold” and a consensus target price of $26.86.

First Hawaiian Stock Performance

Shares of FHB opened at $26.36 on Friday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 15.06 and a beta of 0.99. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The firm has a 50-day simple moving average of $26.46 and a 200-day simple moving average of $24.82.

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.