Nisa Investment Advisors LLC Purchases 2,805 Shares of First Hawaiian, Inc. $FHB

Nisa Investment Advisors LLC grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 40.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,815 shares of the bank’s stock after acquiring an additional 2,805 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First Hawaiian were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Voya Investment Management LLC lifted its position in shares of First Hawaiian by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 15,918 shares of the bank’s stock worth $389,000 after acquiring an additional 448 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of First Hawaiian by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,109 shares of the bank’s stock worth $926,000 after acquiring an additional 616 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of First Hawaiian by 5.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,340 shares of the bank’s stock worth $308,000 after acquiring an additional 672 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of First Hawaiian by 199.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank’s stock worth $26,000 after acquiring an additional 705 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its position in shares of First Hawaiian by 3.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 26,600 shares of the bank’s stock worth $664,000 after acquiring an additional 800 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

FHB has been the subject of a number of research reports. Cowen reiterated a “hold” rating on shares of First Hawaiian in a research report on Tuesday, October 28th. Weiss Ratings downgraded First Hawaiian from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wells Fargo & Company raised their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on First Hawaiian from $26.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. Finally, Keefe, Bruyette & Woods raised their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. Six analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $27.50.

First Hawaiian Trading Up 0.4%

FHB opened at $24.63 on Tuesday. The stock has a market capitalization of $3.07 billion, a PE ratio of 12.01, a PEG ratio of 3.49 and a beta of 0.91. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.80. The firm has a 50-day moving average price of $24.92 and a two-hundred day moving average price of $24.53.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. The firm had revenue of $129.16 million during the quarter. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. On average, research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th. First Hawaiian’s dividend payout ratio (DPR) is 50.73%.

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.