Paradigm Asset Management Co. LLC Takes $200,000 Position in First Hawaiian, Inc. (NASDAQ:FHB)

Paradigm Asset Management Co. LLC purchased a new position in First Hawaiian, Inc. (NASDAQ:FHB) during the 4th quarter, HoldingsChannel reports. The fund purchased 7,700 shares of the bank’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CKW Financial Group grew its position in First Hawaiian by 1.2% during the fourth quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock worth $846,000 after buying an additional 400 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of First Hawaiian by 14.6% during the 4th 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 last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Hawaiian by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock worth $237,000 after purchasing an additional 488 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of First Hawaiian by 5.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock worth $262,000 after purchasing an additional 569 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Stephens started coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Piper Sandler lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.00.

First Hawaiian Stock Down 2.9 %

NASDAQ FHB opened at $26.48 on Friday. The company has a 50-day simple moving average of $26.43 and a two-hundred day simple moving average of $25.30. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 3.31 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.93%. First Hawaiian’s dividend payout ratio is currently 58.10%.

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.