SG Americas Securities LLC Has $2.80 Million Position in First Hawaiian, Inc. $FHB

SG Americas Securities LLC boosted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 26.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,558 shares of the bank’s stock after acquiring an additional 24,052 shares during the period. SG Americas Securities LLC owned 0.09% of First Hawaiian worth $2,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FHB. Evolve Private Wealth LLC grew its holdings in shares of First Hawaiian by 1.6% during the 1st quarter. Evolve Private Wealth LLC now owns 26,105 shares of the bank’s stock worth $643,000 after purchasing an additional 406 shares in the last quarter. ARS Investment Partners LLC bought a new stake in First Hawaiian during the first quarter worth about $517,000. Diversified Trust Co bought a new stake in First Hawaiian during the first quarter worth about $664,000. Rockefeller Capital Management L.P. grew its stake in First Hawaiian by 586.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,649 shares of the bank’s stock worth $67,000 after buying an additional 2,263 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in First Hawaiian by 150.0% during the fourth quarter. Corient Private Wealth LLC now owns 39,366 shares of the bank’s stock worth $996,000 after buying an additional 23,622 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on FHB. TD Cowen boosted their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Piper Sandler boosted their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Weiss Ratings upgraded First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Finally, Stephens set a $28.00 target price on First Hawaiian in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, First Hawaiian currently has a consensus rating of “Reduce” and an average price target of $27.56.

First Hawaiian Trading Up 0.2%

Shares of First Hawaiian stock opened at $29.30 on Wednesday. The firm’s 50 day moving average is $27.49 and its 200 day moving average is $26.42. The firm has a market capitalization of $3.56 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 2.15 and a beta of 0.74. First Hawaiian, Inc. has a 1 year low of $22.65 and a 1 year high of $29.63.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The business had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, research analysts anticipate that First Hawaiian, Inc. will post 2.33 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, May 18th. First Hawaiian’s dividend payout ratio is presently 45.61%.

First Hawaiian Profile

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.