Dynamic Technology Lab Private Ltd Invests $460,000 in First Hawaiian, Inc. $FHB

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake of approximately $460,000 in First Hawaiian, Inc., purchasing 18,840 shares during the first quarter.
• Several other institutional investors have also increased their stakes in First Hawaiian, with 97.63% of the stock now owned by hedge funds and institutional investors.
• First Hawaiian recently reported earnings of $0.58 per share, exceeding consensus estimates, and announced a quarterly dividend of $0.26 per share, reflecting a 4.0% dividend yield.

Dynamic Technology Lab Private Ltd bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,840 shares of the bank's stock, valued at approximately $460,000.

A number of other large investors also recently modified their holdings of FHB. Caitong International Asset Management Co. Ltd lifted its holdings in shares of First Hawaiian by 199.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank's stock valued at $26,000 after purchasing an additional 705 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of First Hawaiian in the first quarter valued at approximately $44,000. Versant Capital Management Inc lifted its holdings in shares of First Hawaiian by 65.1% in the first quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock valued at $76,000 after purchasing an additional 1,233 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of First Hawaiian by 26.0% in the first quarter. Parallel Advisors LLC now owns 4,462 shares of the bank's stock valued at $109,000 after purchasing an additional 920 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of First Hawaiian by 36.4% in the first quarter. GAMMA Investing LLC now owns 4,943 shares of the bank's stock valued at $121,000 after purchasing an additional 1,319 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler began coverage on First Hawaiian in a report on Thursday, August 21st. They issued a "neutral" rating and a $26.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Barclays restated an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their target price 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, Wall Street Zen upgraded First Hawaiian from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Three research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, First Hawaiian presently has a consensus rating of "Strong Sell" and an average price target of $27.07.

First Hawaiian Stock Performance

FHB stock traded up $0.38 during trading on Wednesday, hitting $25.48. 93,806 shares of the company traded hands, compared to its average volume of 899,519. The firm has a market capitalization of $3.18 billion, a PE ratio of 13.12, a P/E/G ratio of 6.16 and a beta of 0.89. First Hawaiian, Inc. has a 1 year low of $20.32 and a 1 year high of $28.80. The company has a 50-day moving average of $25.17 and a 200-day moving average of $24.35.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The bank reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. First Hawaiian had a return on equity of 9.29% and a net margin of 21.45%.The business had revenue of $217.54 million during the quarter, compared to analysts' expectations of $214.67 million. During the same quarter last year, the business posted $0.48 EPS. Sell-side analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. First Hawaiian's dividend payout ratio is currently 53.61%.

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.