Connable Office Inc. Purchases New Position in First Hawaiian, Inc. (NASDAQ:FHB)

Connable Office Inc. purchased a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,364 shares of the bank’s stock, valued at approximately $217,000.

Several other institutional investors also recently bought and sold shares of FHB. Paradigm Asset Management Co. LLC acquired a new stake in First Hawaiian in the fourth quarter valued at approximately $200,000. Global Retirement Partners LLC grew its holdings in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares during the period. Principal Financial Group Inc. grew its holdings in First Hawaiian by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank’s stock valued at $16,082,000 after purchasing an additional 17,515 shares during the period. Empowered Funds LLC acquired a new stake in shares of First Hawaiian in the fourth quarter worth approximately $386,000. Finally, CKW Financial Group boosted its stake in shares of First Hawaiian by 1.2% in the fourth quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock worth $846,000 after acquiring an additional 400 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FHB shares. Wells Fargo & Company lifted their price target on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Stephens assumed coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.00.

First Hawaiian Trading Up 0.8 %

FHB stock opened at $26.91 on Friday. The company has a market capitalization of $3.44 billion, a PE ratio of 15.03, a P/E/G ratio of 3.28 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. The business’s fifty day moving average price is $26.48 and its 200 day moving average price is $25.46.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $0.37 EPS. Research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 3.86%. First Hawaiian’s payout ratio is 58.10%.

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.