17,281 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in First Hawaiian, Inc. (NASDAQ:FHB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,281 shares of the bank’s stock, valued at approximately $395,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in First Hawaiian by 196.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after purchasing an additional 831 shares during the period. Quarry LP boosted its stake in shares of First Hawaiian by 530.2% during the 1st quarter. Quarry LP now owns 1,588 shares of the bank’s stock valued at $33,000 after buying an additional 1,336 shares during the period. First Capital Advisors Group LLC. purchased a new position in shares of First Hawaiian during the 2nd quarter valued at $33,000. Quent Capital LLC grew its holdings in shares of First Hawaiian by 86.5% during the 4th quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock valued at $40,000 after acquiring an additional 816 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of First Hawaiian during the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on FHB shares. Barclays initiated coverage on First Hawaiian in a research report on Friday, March 8th. They set an “equal weight” rating and a $25.00 price objective for the company. StockNews.com upgraded First Hawaiian to a “sell” rating in a research note on Friday, January 19th. Finally, Wells Fargo & Company boosted their target price on First Hawaiian from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $21.60.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $20.54 on Thursday. The business’s 50-day moving average price is $21.26 and its two-hundred day moving average price is $20.60. First Hawaiian, Inc. has a one year low of $15.08 and a one year high of $23.22. The company has a market capitalization of $2.62 billion, a P/E ratio of 11.16 and a beta of 1.01.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). The company had revenue of $210.14 million for the quarter, compared to the consensus estimate of $201.09 million. First Hawaiian had a return on equity of 9.87% and a net margin of 20.90%. During the same quarter last year, the company posted $0.62 EPS. On average, equities analysts anticipate that First Hawaiian, Inc. will post 1.69 EPS for the current year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.04 annualized dividend and a dividend yield of 5.06%. First Hawaiian’s dividend payout ratio (DPR) is presently 56.52%.

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.