Nisa Investment Advisors LLC Increases Holdings in First Hawaiian, Inc. $FHB

Nisa Investment Advisors LLC boosted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 840.1% in the third quarter, Holdings Channel reports. The fund owned 92,268 shares of the bank’s stock after purchasing an additional 82,453 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First Hawaiian were worth $2,291,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after purchasing an additional 438 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of First Hawaiian by 11,325.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock worth $34,000 after acquiring an additional 1,359 shares during the last quarter. Blue Trust Inc. increased its stake in shares of First Hawaiian by 36.3% in the 3rd quarter. Blue Trust Inc. now owns 2,776 shares of the bank’s stock worth $69,000 after purchasing an additional 740 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of First Hawaiian by 333.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,759 shares of the bank’s stock worth $69,000 after purchasing an additional 2,123 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in First Hawaiian by 538.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the bank’s stock worth $102,000 after purchasing an additional 3,438 shares during the period. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Performance

Shares of FHB stock opened at $26.12 on Wednesday. First Hawaiian, Inc. has a 52-week low of $20.32 and a 52-week high of $28.28. The firm has a market capitalization of $3.23 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.85 and a beta of 0.73. The stock has a 50 day moving average price of $25.46 and a 200 day moving average price of $25.16.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, October 24th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $226.39 million during the quarter, compared to the consensus estimate of $218.22 million. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.During the same period last year, the company earned $0.48 earnings per share. As a group, sell-side analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.04 annualized dividend and a yield of 4.0%. First Hawaiian’s dividend payout ratio is 50.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FHB. JPMorgan Chase & Co. upped their price target on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 16th. Barclays raised shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $28.00 in a report on Tuesday, November 11th. The Goldman Sachs Group set a $27.50 price target on shares of First Hawaiian and gave the company a “sell” rating in a report on Tuesday, January 6th. Zacks Research cut shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 25th. Finally, TD Cowen cut their price target on First Hawaiian from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, January 7th. Seven analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $27.64.

Insider Transactions at First Hawaiian

In other news, insider Alan Arizumi sold 36,460 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total transaction of $924,261.00. Following the transaction, the insider owned 37,508 shares of the company’s stock, valued at approximately $950,827.80. This represents a 49.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

About First Hawaiian

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.