Jackson Creek Investment Advisors LLC Invests $1.78 Million in First Hawaiian, Inc. $FHB

Jackson Creek Investment Advisors LLC bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,393 shares of the bank’s stock, valued at approximately $1,781,000.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of First Hawaiian by 8.6% during the 1st quarter. Royal Bank of Canada now owns 165,337 shares of the bank’s stock worth $4,041,000 after acquiring an additional 13,071 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of First Hawaiian by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock worth $246,000 after acquiring an additional 856 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of First Hawaiian during the 1st quarter worth approximately $201,000. Empowered Funds LLC boosted its position in shares of First Hawaiian by 10.4% during the 1st quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock worth $401,000 after acquiring an additional 1,542 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of First Hawaiian by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock worth $10,389,000 after acquiring an additional 31,686 shares in the last quarter. 97.63% of the stock is owned by institutional investors.

First Hawaiian Stock Performance

FHB stock opened at $27.41 on Wednesday. The company has a fifty day moving average price of $26.05 and a 200-day moving average price of $25.87. The company has a market capitalization of $3.33 billion, a P/E ratio of 12.02, a PEG ratio of 2.01 and a beta of 0.75. First Hawaiian, Inc. has a 52-week low of $22.65 and a 52-week high of $28.35.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The business had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, sell-side analysts forecast that First Hawaiian, Inc. will post 2.33 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is currently 45.61%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FHB shares. Weiss Ratings upgraded shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Wells Fargo & Company increased their price target on shares of First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, March 30th. Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Stephens set a $28.00 target price on shares of First Hawaiian in a research report on Monday, April 27th. Finally, TD Cowen raised their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, First Hawaiian currently has an average rating of “Reduce” and an average price target of $27.56.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.