First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by Ethic Inc.

Ethic Inc. boosted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 70.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,381 shares of the bank's stock after purchasing an additional 12,594 shares during the period. Ethic Inc.'s holdings in First Hawaiian were worth $788,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew 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 in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Hawaiian by 18.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,692 shares of the bank's stock valued at $771,000 after purchasing an additional 4,656 shares during the period. Impact Partnership Wealth LLC bought a new position in First Hawaiian in the fourth quarter worth approximately $268,000. Blue Trust Inc. grew its stake in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after purchasing an additional 904 shares in the last quarter. Finally, KBC Group NV increased its holdings in First Hawaiian by 72.1% during the 4th quarter. KBC Group NV now owns 6,154 shares of the bank's stock worth $160,000 after purchasing an additional 2,579 shares during the period. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Price Performance

First Hawaiian stock traded up $0.08 during mid-day trading on Tuesday, reaching $24.32. 109,979 shares of the company traded hands, compared to its average volume of 850,241. The firm's fifty day moving average is $23.39 and its two-hundred day moving average is $25.50. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. As a group, equities research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, May 19th. First Hawaiian's dividend payout ratio is presently 56.52%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Barclays reduced their price objective on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price target on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler upped their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, First Hawaiian currently has an average rating of "Hold" and an average price target of $27.29.

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.