First Hawaiian, Inc. (NASDAQ:FHB) Stake Raised by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,849 shares of the bank's stock after buying an additional 12,646 shares during the quarter. Squarepoint Ops LLC's holdings in First Hawaiian were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in shares of First Hawaiian by 43.1% in the fourth quarter. Quantinno Capital Management LP now owns 97,942 shares of the bank's stock valued at $2,542,000 after acquiring an additional 29,519 shares in the last quarter. Ethic Inc. lifted its position in First Hawaiian by 70.8% in the fourth quarter. Ethic Inc. now owns 30,381 shares of the bank's stock worth $788,000 after purchasing an additional 12,594 shares during the period. Balyasny Asset Management L.P. boosted its stake in First Hawaiian by 427.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank's stock valued at $16,030,000 after purchasing an additional 500,535 shares in the last quarter. Northern Trust Corp boosted its stake in First Hawaiian by 10.7% during the 4th quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock valued at $56,779,000 after purchasing an additional 211,399 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of First Hawaiian during the 4th quarter valued at $239,000. 97.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

First Hawaiian Stock Performance

Shares of NASDAQ:FHB traded down $0.34 during midday trading on Wednesday, reaching $23.59. The company had a trading volume of 532,549 shares, compared to its average volume of 731,848. The company has a fifty day simple moving average of $23.19 and a two-hundred day simple moving average of $25.25. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The company had revenue of $211.00 million during the quarter, compared to analysts' expectations of $210.24 million. During the same period last year, the company posted $0.42 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.41%. The ex-dividend date was Monday, May 19th. 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.