SG Americas Securities LLC Increases Holdings in First Hawaiian, Inc. $FHB

SG Americas Securities LLC increased its position in First Hawaiian, Inc. (NASDAQ:FHB) by 409.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,506 shares of the bank’s stock after purchasing an additional 71,927 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of First Hawaiian worth $2,265,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of First Hawaiian by 8.6% in the first quarter. Royal Bank of Canada now owns 165,337 shares of the bank’s stock worth $4,041,000 after purchasing an additional 13,071 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in First Hawaiian by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock valued at $246,000 after purchasing an additional 856 shares during the period. United Services Automobile Association purchased a new stake in First Hawaiian in the first quarter valued at $201,000. Empowered Funds LLC grew its position in First Hawaiian by 10.4% during the 1st quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock worth $401,000 after purchasing an additional 1,542 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in First Hawaiian by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock worth $10,389,000 after purchasing an additional 31,686 shares during the period. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Price Performance

NASDAQ FHB opened at $25.05 on Friday. First Hawaiian, Inc. has a 12 month low of $20.32 and a 12 month high of $28.35. The company has a market capitalization of $3.08 billion, a P/E ratio of 11.39, a PEG ratio of 1.98 and a beta of 0.71. The company’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $25.31.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $225.85 million for the quarter, compared to analyst estimates of $225.33 million. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were 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 was Friday, February 13th. First Hawaiian’s dividend payout ratio (DPR) is currently 47.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FHB. Wall Street Zen raised First Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research lowered shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 25th. TD Cowen reiterated a “hold” rating on shares of First Hawaiian in a research report on Monday, February 2nd. Weiss Ratings upgraded First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Finally, Wells Fargo & Company lifted their price target on First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, First Hawaiian currently has an average rating of “Reduce” and a consensus price target of $26.93.

Insider Transactions at First Hawaiian

In related news, Director Craig Scott Wo sold 1,500 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $27.21, for a total value of $40,815.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.66% of the company’s stock.

First Hawaiian Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.