New Age Alpha Advisors LLC Purchases New Shares 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, HoldingsChannel reports. The institutional investor acquired 24,133 shares of the bank’s stock, valued at approximately $626,000.

A number of other hedge funds also recently bought and sold shares of FHB. Jones Financial Companies Lllp purchased a new position in shares of First Hawaiian in the fourth quarter worth approximately $36,000. Quarry LP boosted its stake in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares during the period. Blue Trust Inc. grew its position in First Hawaiian by 49.2% during the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock worth $71,000 after purchasing an additional 904 shares in the last quarter. Global Retirement Partners LLC raised its stake in First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock valued at $94,000 after purchasing an additional 461 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Performance

Shares of FHB opened at $24.44 on Tuesday. The firm has a market cap of $3.08 billion, a PE ratio of 13.65, a PEG ratio of 3.28 and a beta of 0.94. The firm’s 50 day moving average price is $26.17 and its 200 day moving average price is $25.68. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80.

First Hawaiian (NASDAQ:FHB) last released 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 quarter in the prior year, the company posted $0.37 EPS. On average, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 4.26%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target 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. Barclays boosted their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Piper Sandler increased their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, First Hawaiian presently has an average rating of “Hold” and a consensus price target of $29.00.

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.