GAMMA Investing LLC Acquires 461 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

GAMMA Investing LLC boosted its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,624 shares of the bank’s stock after purchasing an additional 461 shares during the period. GAMMA Investing LLC’s holdings in First Hawaiian were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FHB. Arizona State Retirement System grew its position in shares of First Hawaiian by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 35,729 shares of the bank’s stock valued at $742,000 after acquiring an additional 658 shares during the period. Savant Capital LLC bought a new position in shares of First Hawaiian in the 2nd quarter valued at about $419,000. Choreo LLC bought a new position in shares of First Hawaiian in the 2nd quarter valued at about $226,000. American Century Companies Inc. grew its position in shares of First Hawaiian by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock valued at $69,321,000 after acquiring an additional 203,407 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of First Hawaiian in the 2nd quarter valued at about $223,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Down 1.2 %

Shares of First Hawaiian stock opened at $24.76 on Friday. The firm has a market capitalization of $3.17 billion, a PE ratio of 14.15 and a beta of 0.99. The firm’s 50 day moving average is $26.64 and its 200 day moving average is $24.48. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

Analysts Set New Price Targets

FHB has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their target price on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Stephens initiated coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.86.

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.