Campbell & CO Investment Adviser LLC Has $270,000 Stake in First Hawaiian, Inc. $FHB

Campbell & CO Investment Adviser LLC reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 65.4% in the third quarter, HoldingsChannel.com reports. The firm owned 10,869 shares of the bank’s stock after selling 20,572 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in First Hawaiian were worth $270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FHB. State Street Corp lifted its holdings in shares of First Hawaiian by 1.3% in the second quarter. State Street Corp now owns 5,883,194 shares of the bank’s stock valued at $146,845,000 after purchasing an additional 77,478 shares in the last quarter. Norges Bank bought a new position in First Hawaiian during the 2nd quarter valued at $35,362,000. Arrowstreet Capital Limited Partnership boosted its holdings in First Hawaiian by 11.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,325,860 shares of the bank’s stock worth $33,093,000 after acquiring an additional 135,809 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of First Hawaiian by 109.9% in the 2nd quarter. AQR Capital Management LLC now owns 666,946 shares of the bank’s stock worth $16,647,000 after acquiring an additional 349,231 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of First Hawaiian by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 428,548 shares of the bank’s stock valued at $10,697,000 after purchasing an additional 27,591 shares during the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Performance

FHB stock opened at $27.09 on Friday. The stock has a fifty day moving average of $25.83 and a 200-day moving average of $25.22. First Hawaiian, Inc. has a fifty-two week low of $20.32 and a fifty-two week high of $28.35. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.90 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, October 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $226.39 million for the quarter, compared to analysts’ expectations of $218.22 million. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.During the same period in the previous year, the business posted $0.48 EPS. Equities analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

Insider Buying and Selling at First Hawaiian

In other news, insider Alan Arizumi sold 36,460 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $25.35, for a total value of $924,261.00. Following the sale, the insider owned 37,508 shares of the company’s stock, valued at $950,827.80. The trade was a 49.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on FHB. Weiss Ratings restated a “hold (c+)” rating on shares of First Hawaiian in a report on Monday, December 29th. The Goldman Sachs Group set a $27.50 target price on shares of First Hawaiian and gave the stock a “sell” rating in a research report on Tuesday, January 6th. TD Cowen cut their target price on First Hawaiian from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Tuesday, October 28th. Finally, Piper Sandler boosted their price objective on First Hawaiian from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $27.64.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.