SG Americas Securities LLC Boosts Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

SG Americas Securities LLC boosted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,740 shares of the bank’s stock after purchasing an additional 5,745 shares during the period. SG Americas Securities LLC’s holdings in First Hawaiian were worth $538,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its stake in First Hawaiian by 96.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after acquiring an additional 235,253 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of First Hawaiian during the 3rd quarter worth about $3,736,000. FMR LLC increased its stake in First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares during the last quarter. Reinhart Partners LLC. raised its stake in First Hawaiian by 6.1% during the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after acquiring an additional 141,327 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of First Hawaiian by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after purchasing an additional 122,599 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Up 3.1 %

FHB stock opened at $27.62 on Friday. The business has a fifty day simple moving average of $26.42 and a 200-day simple moving average of $25.00. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 15.78 and a beta of 0.99. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.83% and a net margin of 18.83%. During the same period in the prior year, the business earned $0.37 earnings per share. As a group, analysts expect that First Hawaiian, Inc. will post 1.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 17th. Barclays raised their target price on First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group increased their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their price target on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.86.

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.