SG Americas Securities LLC lifted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB – Free Report) by 26.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 113,558 shares of the bank’s stock after buying an additional 24,052 shares during the quarter. SG Americas Securities LLC’s holdings in First Hawaiian were worth $2,798,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolve Private Wealth LLC raised its holdings in First Hawaiian by 1.6% in the 1st quarter. Evolve Private Wealth LLC now owns 26,105 shares of the bank’s stock valued at $643,000 after buying an additional 406 shares during the last quarter. ARS Investment Partners LLC bought a new stake in First Hawaiian during the 1st quarter worth approximately $517,000. Diversified Trust Co bought a new stake in First Hawaiian during the 1st quarter worth approximately $664,000. Rockefeller Capital Management L.P. increased its position in First Hawaiian by 586.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,649 shares of the bank’s stock valued at $67,000 after acquiring an additional 2,263 shares during the period. Finally, Corient Private Wealth LLC increased its position in First Hawaiian by 150.0% in the 4th quarter. Corient Private Wealth LLC now owns 39,366 shares of the bank’s stock valued at $996,000 after acquiring an additional 23,622 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on FHB shares. TD Cowen lifted their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Wells Fargo & Company raised their target price on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, March 30th. Piper Sandler lifted their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Stephens set a $28.00 price target on First Hawaiian in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $27.56.
First Hawaiian Trading Up 0.2%
Shares of First Hawaiian stock opened at $29.30 on Wednesday. The business has a 50-day moving average price of $27.49 and a two-hundred day moving average price of $26.42. First Hawaiian, Inc. has a 1-year low of $22.65 and a 1-year high of $29.63. The company has a market cap of $3.56 billion, a P/E ratio of 12.85, a PEG ratio of 2.15 and a beta of 0.74.
First Hawaiian (NASDAQ:FHB – Get Free Report) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.The company had revenue of $220.35 million for the quarter, compared to the consensus estimate of $223.59 million. During the same period in the previous year, the business earned $0.47 EPS. Equities research analysts forecast that First Hawaiian, Inc. will post 2.33 EPS for the current fiscal year.
First Hawaiian Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, May 18th. First Hawaiian’s payout ratio is presently 45.61%.
First Hawaiian Profile
First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.
First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.
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