Sequoia Financial Advisors LLC Makes New $338,000 Investment in First Hawaiian, Inc. $FHB

Key Points

• Sequoia Financial Advisors LLC has invested approximately $338,000 in shares of First Hawaiian, Inc., acquiring 13,544 shares during the 2nd quarter.
• Several large investors, including The Manufacturers Life Insurance Company and Dimensional Fund Advisors LP, have also increased their stakes in First Hawaiian, highlighting significant institutional interest.
• First Hawaiian's stock has recently seen a price increase of 0.8%, trading at $23.75, with analysts predicting an EPS of 1.95 for the current year.

Sequoia Financial Advisors LLC bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,544 shares of the bank's stock, valued at approximately $338,000.

Several other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in First Hawaiian by 3.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,493,396 shares of the bank's stock worth $256,459,000 after purchasing an additional 360,088 shares during the last quarter. Dimensional Fund Advisors LP raised its position in First Hawaiian by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,786,438 shares of the bank's stock worth $141,417,000 after buying an additional 122,013 shares during the last quarter. Reinhart Partners LLC. raised its position in First Hawaiian by 0.7% during the 2nd quarter. Reinhart Partners LLC. now owns 2,343,300 shares of the bank's stock worth $58,489,000 after buying an additional 17,419 shares during the last quarter. Northern Trust Corp raised its position in First Hawaiian by 2.1% during the 1st quarter. Northern Trust Corp now owns 2,233,354 shares of the bank's stock worth $54,583,000 after buying an additional 45,349 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in First Hawaiian by 4.8% during the 1st quarter. Raymond James Financial Inc. now owns 1,295,267 shares of the bank's stock worth $31,656,000 after buying an additional 58,793 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Trading Up 0.8%

Shares of FHB stock opened at $23.75 on Wednesday. The company's 50-day moving average price is $24.99 and its 200-day moving average price is $24.33. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 3.47 and a beta of 0.84. First Hawaiian, Inc. has a twelve month low of $20.32 and a twelve month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share (EPS) for the quarter. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. The firm had revenue of $129.16 million for the quarter. As a group, equities research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FHB shares. Wells Fargo & Company raised their price target 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. raised their price objective on shares of First Hawaiian from $25.00 to $25.50 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Piper Sandler started coverage on shares of First Hawaiian in a research note on Thursday, August 21st. They set a "neutral" rating and a $26.00 price objective on the stock. TD Cowen started coverage on shares of First Hawaiian in a research note on Thursday, September 25th. They set a "hold" rating and a $27.00 price objective on the stock. Finally, Cowen started coverage on shares of First Hawaiian in a research note on Wednesday, September 24th. They set a "hold" rating on the stock. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, First Hawaiian has a consensus rating of "Reduce" and an average target price of $27.06.

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.

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