7,700 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC purchased a new position in First Hawaiian, Inc. (NASDAQ:FHB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,700 shares of the bank’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently added to or reduced their stakes in FHB. Blue Trust Inc. lifted its holdings in shares of First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in First Hawaiian during the 3rd quarter valued at about $51,000. Quarry LP increased its holdings in First Hawaiian by 459.2% during 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 in the last quarter. Global Retirement Partners LLC increased its holdings in First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock worth $74,000 after purchasing an additional 693 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake 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 worth $94,000 after purchasing an additional 461 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Piper Sandler increased their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Stephens initiated coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.00.

First Hawaiian Trading Down 2.9 %

Shares of FHB stock opened at $26.48 on Friday. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80. The stock has a market capitalization of $3.39 billion, a P/E ratio of 14.79, a PEG ratio of 3.31 and a beta of 0.99. The firm’s 50 day moving average is $26.43 and its 200 day moving average is $25.30.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the prior year, the company earned $0.37 EPS. On average, equities analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, February 14th. First Hawaiian’s payout ratio is presently 58.10%.

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.