J.W. Cole Advisors Inc. Invests $417,000 in First Hawaiian, Inc. (NASDAQ:FHB)

J.W. Cole Advisors Inc. acquired a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,229 shares of the bank’s stock, valued at approximately $417,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FHB. Global Retirement Partners LLC grew its position in shares of First Hawaiian by 196.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after buying an additional 831 shares in the last quarter. Quent Capital LLC boosted its holdings in First Hawaiian by 86.5% in the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock valued at $40,000 after purchasing an additional 816 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in First Hawaiian in the third quarter valued at approximately $133,000. Janiczek Wealth Management LLC boosted its holdings in First Hawaiian by 22.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 8,628 shares of the bank’s stock valued at $197,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in First Hawaiian in the third quarter valued at approximately $206,000. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Trading Up 1.3 %

FHB stock opened at $21.96 on Wednesday. The company has a market capitalization of $2.80 billion, a P/E ratio of 11.93 and a beta of 1.01. First Hawaiian, Inc. has a twelve month low of $15.08 and a twelve month high of $23.22. The business has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $20.73.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 26th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). The firm had revenue of $210.14 million during the quarter, compared to analyst estimates of $201.09 million. First Hawaiian had a net margin of 20.90% and a return on equity of 9.87%. During the same period in the previous year, the company posted $0.62 earnings per share. Research analysts predict that First Hawaiian, Inc. will post 1.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FHB has been the subject of a number of research analyst reports. Barclays initiated coverage on First Hawaiian in a report on Friday, March 8th. They issued an “equal weight” rating and a $25.00 price target for the company. Wells Fargo & Company upped their price target on First Hawaiian from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Monday, January 29th. Finally, StockNews.com raised First Hawaiian to a “sell” rating in a report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $21.60.

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.