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

World Investment Advisors has acquired a new stake in First Hawaiian, Inc. (NASDAQ:FHB), purchasing 15,017 shares valued at approximately $375,000. Other institutional investors have also increased their positions in the bank. First Hawaiian's stock opened at $24.63, with a market cap of $3.07 billion and a PE ratio of 12.01. The company recently declared a quarterly dividend of $0.26 per share, with a yield of 4.2%. Analysts have mixed ratings on the stock, with an average target price of $27.50.

World Investment Advisors purchased a new stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) 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.

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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 - Get Free Report) 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.

Read Our Latest Research Report on FHB

First Hawaiian Company Profile

(Free Report)

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.

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