First Hawaiian, Inc. (NASDAQ:FHB) Stock Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 97.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,896 shares of the bank's stock after buying 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FHB. M&T Bank Corp raised its stake in First Hawaiian by 2.5% during the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock valued at $432,000 after acquiring an additional 409 shares in the last quarter. Covestor Ltd raised its stake in shares of 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 in the last quarter. Evergreen Capital Management LLC lifted its holdings in 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 purchasing an additional 649 shares during the period. Global Retirement Partners LLC lifted its holdings in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after purchasing an additional 693 shares during the period. Finally, HighPoint Advisor Group LLC grew its position in First Hawaiian by 6.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 12,086 shares of the bank's stock valued at $335,000 after buying an additional 765 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Price Performance

Shares of NASDAQ:FHB traded up $0.12 on Wednesday, reaching $23.16. 545,746 shares of the company traded hands, compared to its average volume of 823,772. The stock has a market capitalization of $2.91 billion, a PE ratio of 12.59, a P/E/G ratio of 4.17 and a beta of 0.83. The company's 50 day moving average is $23.39 and its 200-day moving average is $25.00. First Hawaiian, Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, topping 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 last year, the business posted $0.42 EPS. First Hawaiian's revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a $0.26 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.49%. First Hawaiian's dividend payout ratio (DPR) is presently 56.52%.

Wall Street Analysts Forecast Growth

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

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.