Trexquant Investment LP Purchases 51,957 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Trexquant Investment LP increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 186.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,822 shares of the bank's stock after buying an additional 51,957 shares during the quarter. Trexquant Investment LP owned 0.06% of First Hawaiian worth $2,071,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of First Hawaiian in the fourth quarter valued at $36,000. Quarry LP raised its holdings in shares of First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank's stock worth $57,000 after buying an additional 2,039 shares in the last quarter. Blue Trust Inc. lifted its position in shares of First Hawaiian by 49.2% during the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after buying an additional 904 shares during the period. Global Retirement Partners LLC boosted its stake in First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after buying an additional 693 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after acquiring an additional 461 shares during the period. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Stock Performance

FHB traded up $0.03 during mid-day trading on Monday, reaching $21.45. The stock had a trading volume of 49,964 shares, compared to its average volume of 711,574. The firm's fifty day simple moving average is $25.18 and its two-hundred day simple moving average is $25.57. The stock has a market capitalization of $2.71 billion, a P/E ratio of 11.98, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80.

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

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date was Friday, February 14th. First Hawaiian's dividend payout ratio is presently 58.10%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price 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. JPMorgan Chase & Co. boosted their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Piper Sandler increased their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted 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. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $28.29.

About First Hawaiian

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.