CKW Financial Group Has $846,000 Stake in First Hawaiian, Inc. (NASDAQ:FHB)

CKW Financial Group grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,600 shares of the bank’s stock after acquiring an additional 400 shares during the period. First Hawaiian accounts for approximately 0.1% of CKW Financial Group’s investment portfolio, making the stock its 26th biggest holding. CKW Financial Group’s holdings in First Hawaiian were worth $846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Hawaiian during the 3rd quarter worth about $51,000. Quarry LP increased its position in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after buying an additional 2,039 shares in the last quarter. GAMMA Investing LLC raised its stake in First Hawaiian by 49.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after buying an additional 1,041 shares during the period. Finally, KBC Group NV boosted its holdings in First Hawaiian by 72.1% in the fourth quarter. KBC Group NV now owns 6,154 shares of the bank’s stock worth $160,000 after acquiring an additional 2,579 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Stephens initiated coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target on the stock. Finally, Barclays boosted their price objective on First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.86.

First Hawaiian Stock Performance

Shares of FHB stock opened at $26.36 on Monday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 15.06 and a beta of 0.99. First Hawaiian, Inc. has a 52-week low of $19.48 and a 52-week high of $28.80. The company has a 50-day simple moving average of $26.44 and a two-hundred day simple moving average of $24.89.

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.