24,133 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,133 shares of the bank's stock, valued at approximately $626,000.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in First Hawaiian by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank's stock valued at $15,897,000 after purchasing an additional 7,926 shares during the period. Jane Street Group LLC grew its position in First Hawaiian by 91.4% during the third quarter. Jane Street Group LLC now owns 176,121 shares of the bank's stock worth $4,077,000 after buying an additional 84,120 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in First Hawaiian during the third quarter valued at about $632,000. BNP Paribas Financial Markets raised its holdings in First Hawaiian by 78.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank's stock valued at $610,000 after acquiring an additional 11,604 shares in the last quarter. Finally, FMR LLC lifted its position in shares of First Hawaiian by 20.3% in the 3rd quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after acquiring an additional 154,136 shares during the period. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Trading Up 1.9 %

FHB stock traded up $0.45 during trading on Wednesday, hitting $24.68. 919,905 shares of the stock traded hands, compared to its average volume of 691,713. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The company has a 50 day simple moving average of $26.13 and a 200 day simple moving average of $25.68.

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First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping 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 company posted $0.37 EPS. As a group, analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid 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 4.21%. First Hawaiian's dividend payout ratio (DPR) is presently 58.10%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FHB. The Goldman Sachs Group boosted their price objective on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research report on Monday, February 3rd. Piper Sandler boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Barclays upped their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $29.00.

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.