AlphaQuest LLC Has $4.18 Million Holdings in First Hawaiian, Inc. $FHB

AlphaQuest LLC grew its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 7,621.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,484 shares of the bank’s stock after acquiring an additional 166,302 shares during the quarter. AlphaQuest LLC owned about 0.14% of First Hawaiian worth $4,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of First Hawaiian by 74.9% in the third quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after buying an additional 438 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of First Hawaiian by 11,325.0% in the second quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,359 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in First Hawaiian in the 3rd quarter valued at about $64,000. Quent Capital LLC purchased a new stake in shares of First Hawaiian during the third quarter valued at approximately $65,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of First Hawaiian by 333.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,759 shares of the bank’s stock valued at $69,000 after purchasing an additional 2,123 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Insider Transactions at First Hawaiian

In other news, insider Alan Arizumi sold 6,566 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $25.34, for a total value of $166,382.44. Following the completion of the transaction, the insider directly owned 1,962 shares in the company, valued at approximately $49,717.08. This represents a 76.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

First Hawaiian Stock Performance

NASDAQ FHB opened at $27.57 on Friday. First Hawaiian, Inc. has a 52-week low of $20.32 and a 52-week high of $28.35. The company has a fifty day moving average of $26.11 and a 200-day moving average of $25.26. The company has a market capitalization of $3.41 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.90 and a beta of 0.73.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FHB shares. Keefe, Bruyette & Woods raised their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their target price on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 16th. Piper Sandler raised their price objective on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. The Goldman Sachs Group set a $27.50 target price on shares of First Hawaiian and gave the stock a “sell” rating in a report on Tuesday, January 6th. Finally, TD Cowen lowered their target price on shares of First Hawaiian from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, January 7th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, First Hawaiian currently has a consensus rating of “Reduce” and an average target price of $27.64.

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.