Jackson Creek Investment Advisors LLC Purchases Shares of 56,298 First Hawaiian, Inc. (NASDAQ:FHB)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 56,298 shares of the bank's stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SummerHaven Investment Management LLC increased its holdings in First Hawaiian by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 36,493 shares of the bank's stock valued at $892,000 after buying an additional 521 shares during the period. Covestor Ltd lifted its position in First Hawaiian by 8.1% during the fourth quarter. Covestor Ltd now owns 7,226 shares of the bank's stock valued at $188,000 after purchasing an additional 539 shares during the period. Evergreen Capital Management LLC raised its position in shares of First Hawaiian by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 37,260 shares of the bank's stock worth $967,000 after acquiring an additional 649 shares during the period. HighPoint Advisor Group LLC raised its position in shares of First Hawaiian by 6.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 12,086 shares of the bank's stock worth $335,000 after acquiring an additional 765 shares during the period. Finally, CWM LLC raised its position in shares of First Hawaiian by 7.5% during the 1st quarter. CWM LLC now owns 12,769 shares of the bank's stock worth $312,000 after purchasing an additional 894 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on FHB. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on shares of First Hawaiian from $25.00 to $25.50 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Keefe, Bruyette & Woods cut their target price on shares of 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, Barclays reissued an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $27.64.

First Hawaiian Stock Down 0.4%

Shares of NASDAQ FHB traded down $0.09 during trading hours on Monday, hitting $25.45. The company had a trading volume of 532,146 shares, compared to its average volume of 762,961. The stock has a market capitalization of $3.20 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 6.49 and a beta of 0.83. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.80. The firm's 50 day moving average is $24.52 and its 200-day moving average is $24.79.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly 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. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $210.24 million. During the same quarter last year, the firm posted $0.42 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.26 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.09%. First Hawaiian's payout ratio is currently 56.52%.

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.