Jackson Creek Investment Advisors LLC Makes New Investment in First Hawaiian, Inc. (NASDAQ:FHB)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,298 shares of the bank's stock, valued at approximately $1,376,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in shares of First Hawaiian by 65.1% in the 1st quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock valued at $76,000 after acquiring an additional 1,233 shares during the last quarter. Parallel Advisors LLC boosted its position in First Hawaiian by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 4,462 shares of the bank's stock worth $109,000 after acquiring an additional 920 shares during the last quarter. GAMMA Investing LLC boosted its position in First Hawaiian by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 4,943 shares of the bank's stock worth $121,000 after acquiring an additional 1,319 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in First Hawaiian during the 4th quarter worth approximately $171,000. Finally, Covestor Ltd boosted its position in First Hawaiian by 8.1% during the 4th quarter. Covestor Ltd now owns 7,226 shares of the bank's stock worth $188,000 after acquiring an additional 539 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Stock Performance

Shares of NASDAQ FHB traded up $0.07 during mid-day trading on Friday, reaching $25.60. The company had a trading volume of 11,832 shares, compared to its average volume of 763,491. First Hawaiian, Inc. has a one year low of $20.32 and a one year high of $28.80. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 6.41 and a beta of 0.83. The business's 50-day simple moving average is $24.48 and its 200 day simple moving average is $24.80.

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 analysts' consensus estimates of $0.46 by $0.01. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. The firm had revenue of $211.00 million for the quarter, compared to analysts' expectations of $210.24 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Monday, May 19th. First Hawaiian's payout ratio is 56.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price objective on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Barclays reaffirmed an "underweight" rating on shares of First Hawaiian in a report on Tuesday, July 8th. Wells Fargo & Company increased their price objective on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their price objective on First Hawaiian from $25.00 to $25.50 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, First Hawaiian has a consensus rating of "Reduce" and an average target price of $27.64.

First Hawaiian 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.

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