First Hawaiian, Inc. (NASDAQ:FHB) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 51.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,636 shares of the bank’s stock after purchasing an additional 2,580 shares during the period. Sterling Capital Management LLC’s holdings in First Hawaiian were worth $198,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of First Hawaiian during the 4th quarter valued at approximately $36,000. Blue Trust Inc. grew its holdings in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after purchasing an additional 904 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after buying an additional 693 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after buying an additional 461 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in First Hawaiian by 280.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank’s stock valued at $103,000 after acquiring an additional 2,934 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 1.8 %

Shares of FHB opened at $22.64 on Monday. The firm has a market cap of $2.86 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. The company’s fifty day moving average is $24.63 and its two-hundred day moving average is $25.56. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.41 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 last year, the firm earned $0.37 earnings per share. As a group, equities research analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian’s payout ratio is currently 58.10%.

Wall Street Analysts Forecast Growth

FHB has been the topic of several recent research reports. Barclays reduced their price target on shares of First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on First Hawaiian from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler upped 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. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.29.

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.