SG Americas Securities LLC Buys 20,156 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

SG Americas Securities LLC boosted its position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 97.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,896 shares of the bank's stock after purchasing an additional 20,156 shares during the period. SG Americas Securities LLC's holdings in First Hawaiian were worth $999,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FHB. GAMMA Investing LLC lifted its position in shares of First Hawaiian by 36.4% during the first quarter. GAMMA Investing LLC now owns 4,943 shares of the bank's stock worth $121,000 after acquiring an additional 1,319 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of First Hawaiian by 15.1% during the first quarter. Harbor Capital Advisors Inc. now owns 524,555 shares of the bank's stock worth $12,820,000 after acquiring an additional 68,727 shares in the last quarter. Impact Capital Partners LLC raised its position in shares of First Hawaiian by 9.1% in the first quarter. Impact Capital Partners LLC now owns 22,676 shares of the bank's stock worth $554,000 after buying an additional 1,891 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of First Hawaiian by 15.1% in the first quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank's stock worth $56,845,000 after buying an additional 305,439 shares in the last quarter. Finally, Parallel Advisors LLC raised its position 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 worth $109,000 after buying an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on FHB shares. Keefe, Bruyette & Woods reduced their target price on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Barclays reduced their price objective on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reduced their price objective on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.29.

First Hawaiian Trading Up 0.8%

First Hawaiian stock traded up $0.18 during trading hours on Friday, hitting $23.34. 1,023,247 shares of the stock traded hands, compared to its average volume of 740,305. The firm's 50-day moving average price is $23.48 and its two-hundred day moving average price is $24.92. The company has a market cap of $2.93 billion, a PE ratio of 12.68, a PEG ratio of 4.19 and a beta of 0.83. First Hawaiian, Inc. has a one year low of $20.03 and a one year 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. First Hawaiian had a net margin of 20.36% and a return on equity of 8.99%. The firm had revenue of $211.00 million during the quarter, compared to analyst estimates of $210.24 million. During the same period last year, the business earned $0.42 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.46%. First Hawaiian's payout ratio is 56.52%.

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.