World Investment Advisors Makes New Investment in First Hawaiian, Inc. $FHB

World Investment Advisors purchased a new stake in First Hawaiian, Inc. (NASDAQ:FHB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,017 shares of the bank’s stock, valued at approximately $375,000.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in First Hawaiian by 199.7% during 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. Headlands Technologies LLC acquired a new stake in shares of First Hawaiian during the 1st quarter worth $44,000. Kestra Investment Management LLC bought a new position in shares of First Hawaiian in the first quarter worth $134,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in First Hawaiian in the second quarter valued at about $154,000. Finally, Zions Bancorporation National Association UT bought a new stake in First Hawaiian during the first quarter worth about $161,000. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Stock Performance

NASDAQ FHB opened at $24.63 on Tuesday. The firm’s fifty day moving average price is $24.92 and its two-hundred day moving average price is $24.53. The stock has a market cap 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 fifty-two week low of $20.32 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. The company had revenue of $129.16 million for the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%. As a group, sell-side analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.