SG Americas Securities LLC Buys 20,156 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

SG Americas Securities LLC boosted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 97.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,896 shares of the bank’s stock after buying an additional 20,156 shares during the period. SG Americas Securities LLC’s holdings in First Hawaiian were worth $999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FHB. Jones Financial Companies Lllp bought a new stake in First Hawaiian in the fourth quarter worth about $36,000. Global Retirement Partners LLC grew its stake in shares of First Hawaiian by 32.4% during 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 during the last quarter. Versant Capital Management Inc raised its holdings in shares of First Hawaiian by 65.1% in the first quarter. Versant Capital Management Inc now owns 3,128 shares of the bank’s stock worth $76,000 after buying an additional 1,233 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of First Hawaiian by 280.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank’s stock worth $103,000 after acquiring an additional 2,934 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of First Hawaiian by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 4,462 shares of the bank’s stock worth $109,000 after acquiring an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Down 1.0%

FHB opened at $23.04 on Wednesday. The stock’s fifty day moving average is $23.39 and its two-hundred day moving average is $25.00. The company has a market capitalization of $2.90 billion, a P/E ratio of 12.52, a PEG ratio of 4.17 and a beta of 0.83. First Hawaiian, Inc. has a 52 week low of $19.89 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Equities 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 announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.51%. The ex-dividend date was Monday, May 19th. First Hawaiian’s payout ratio is 56.52%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FHB. Keefe, Bruyette & Woods cut their price objective on First Hawaiian from $30.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, April 24th. Barclays lowered their target price on shares of First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of First Hawaiian from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, First Hawaiian presently has an average rating of “Hold” and an average price target of $27.29.

About First Hawaiian

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.