New Age Alpha Advisors LLC Acquires New Position in First Hawaiian, Inc. (NASDAQ:FHB)

New Age Alpha Advisors LLC acquired a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,133 shares of the bank’s stock, valued at approximately $626,000.

A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new stake in shares of First Hawaiian during the 4th quarter worth approximately $36,000. Quarry LP grew its stake in First Hawaiian by 459.2% during 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 during the last quarter. Blue Trust Inc. increased its position in First Hawaiian by 49.2% in the fourth 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 lifted its stake in First Hawaiian by 32.4% in the fourth 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 during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of First Hawaiian by 14.6% during 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 own 97.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FHB shares. Piper Sandler increased their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their price objective on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Finally, Barclays increased their price target on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Stock Performance

FHB opened at $24.44 on Tuesday. The stock’s fifty day moving average is $26.17 and its 200-day moving average is $25.68. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The company has a market capitalization of $3.08 billion, a PE ratio of 13.65, a P/E/G ratio of 3.28 and a beta of 0.94.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business posted $0.37 earnings per share. On average, equities research analysts forecast 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. Investors 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 4.26%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian’s payout ratio is 58.10%.

First Hawaiian 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.