Janney Montgomery Scott LLC Buys 4,656 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Janney Montgomery Scott LLC grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 18.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,692 shares of the bank’s stock after acquiring an additional 4,656 shares during the period. Janney Montgomery Scott LLC’s holdings in First Hawaiian were worth $771,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after buying an additional 461 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of First Hawaiian by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock worth $237,000 after acquiring an additional 488 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of First Hawaiian by 5.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock worth $262,000 after acquiring an additional 569 shares during the period. Blue Trust Inc. boosted its holdings in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after acquiring an additional 625 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in First Hawaiian by 2.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 30,615 shares of the bank’s stock valued at $709,000 after purchasing an additional 667 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FHB. Barclays increased their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Piper Sandler lifted their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. The Goldman Sachs Group upped their target price on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.00.

First Hawaiian Stock Down 2.4 %

FHB stock opened at $27.49 on Friday. The firm has a market cap of $3.52 billion, a PE ratio of 15.36 and a beta of 0.99. The business has a 50 day moving average of $26.42 and a 200-day moving average of $25.12. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, research analysts expect that First Hawaiian, Inc. will post 1.74 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.78%. First Hawaiian’s dividend payout ratio is presently 58.10%.

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.