First Trust Advisors LP Grows Position in First Hawaiian, Inc. (NASDAQ:FHB)

First Trust Advisors LP raised its position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 40.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 927,586 shares of the bank's stock after acquiring an additional 268,191 shares during the quarter. First Trust Advisors LP owned approximately 0.73% of First Hawaiian worth $24,071,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SkyView Investment Advisors LLC boosted its position in First Hawaiian by 2.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 38,545 shares of the bank's stock valued at $892,000 after acquiring an additional 999 shares in the last quarter. GAMMA Investing LLC raised its position in shares of First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after acquiring an additional 461 shares in the last quarter. SG Americas Securities LLC raised its position in shares of First Hawaiian by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 20,740 shares of the bank's stock worth $538,000 after acquiring an additional 5,745 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of First Hawaiian by 18.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,692 shares of the bank's stock worth $771,000 after acquiring an additional 4,656 shares in the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in First Hawaiian during the fourth quarter valued at $268,000. Hedge funds and other institutional investors own 97.63% of the company's stock.

Analyst Upgrades and Downgrades

FHB has been the subject of a number of recent research reports. Barclays lowered their price objective 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. Keefe, Bruyette & Woods lowered their price objective on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Piper Sandler lifted their price objective on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lowered their price objective 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. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $27.29.

First Hawaiian Price Performance

Shares of FHB traded up $0.28 during trading hours on Tuesday, hitting $23.22. The stock had a trading volume of 815,848 shares, compared to its average volume of 725,873. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80. The firm has a market capitalization of $2.93 billion, a PE ratio of 12.97, a PEG ratio of 3.28 and a beta of 0.77. The stock has a fifty day moving average price of $24.11 and a 200 day moving average price of $25.56.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The company had revenue of $211.00 million during the quarter, compared to analyst estimates of $210.24 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. First Hawaiian's revenue was up 2.5% compared to the same quarter last year. As a group, analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 4.48%. First Hawaiian's dividend payout ratio (DPR) is presently 56.52%.

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.