J.W. Cole Advisors Inc. Has $326,000 Position in First Hawaiian, Inc. (NASDAQ:FHB)

J.W. Cole Advisors Inc. trimmed its position in First Hawaiian, Inc. (NASDAQ:FHB) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,577 shares of the bank’s stock after selling 532 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in First Hawaiian were worth $326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in shares of First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after buying an additional 235,253 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of First Hawaiian during the third quarter valued at $3,736,000. FMR LLC lifted its holdings in shares of First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after acquiring an additional 154,136 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of First Hawaiian by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after purchasing an additional 122,599 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of First Hawaiian by 91.4% in the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after purchasing an additional 84,120 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on FHB. Keefe, Bruyette & Woods boosted their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Piper Sandler boosted their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Barclays raised their price target on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group raised their target price on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, First Hawaiian currently has a consensus rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Stock Performance

Shares of FHB stock opened at $27.27 on Friday. The firm’s 50 day moving average price is $26.43 and its two-hundred day moving average price is $25.29. First Hawaiian, Inc. has a 52-week low of $19.48 and a 52-week high of $28.80. The stock has a market cap of $3.49 billion, a PE ratio of 15.23, a PEG ratio of 3.35 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping 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 last year, the company posted $0.37 EPS. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.26 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.81%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

About First Hawaiian

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.