Janney Montgomery Scott LLC Boosts Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Janney Montgomery Scott LLC lifted its position in First Hawaiian, Inc. (NASDAQ:FHB) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,692 shares of the bank’s stock after purchasing an additional 4,656 shares during the quarter. Janney Montgomery Scott LLC’s holdings in First Hawaiian were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FHB. SG Americas Securities LLC increased its stake in First Hawaiian by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 20,740 shares of the bank’s stock worth $538,000 after acquiring an additional 5,745 shares during the last quarter. GAMMA Investing LLC increased its position in shares of First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after purchasing an additional 461 shares during the last quarter. Sanctuary Advisors LLC raised its stake in First Hawaiian by 20.8% in the third quarter. Sanctuary Advisors LLC now owns 25,476 shares of the bank’s stock valued at $590,000 after purchasing an additional 4,383 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in First Hawaiian by 2.7% during the third quarter. SkyView Investment Advisors LLC now owns 38,545 shares of the bank’s stock valued at $892,000 after purchasing an additional 999 shares during the last quarter. Finally, M&T Bank Corp grew its stake in First Hawaiian by 9.9% in the 3rd quarter. M&T Bank Corp now owns 16,252 shares of the bank’s stock worth $376,000 after buying an additional 1,461 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Down 2.4 %

Shares of NASDAQ:FHB opened at $27.49 on Friday. The company has a 50-day moving average price of $26.42 and a 200-day moving average price of $25.12. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 15.36 and a beta of 0.99. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the prior year, the firm posted $0.37 EPS. As a group, research analysts forecast that First Hawaiian, Inc. will post 1.74 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.26 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.78%. First Hawaiian’s dividend payout ratio is 58.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Barclays lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Piper Sandler increased their price objective on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, First Hawaiian presently has a consensus rating of “Hold” and an average price target of $29.00.

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.