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

Jackson Creek Investment Advisors LLC acquired a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,393 shares of the bank’s stock, valued at approximately $1,781,000. Jackson Creek Investment Advisors LLC owned about 0.06% of First Hawaiian at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FHB. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after buying an additional 1,050 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after buying an additional 534 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of First Hawaiian during the 4th quarter worth about $46,000. Danske Bank A S acquired a new position in shares of First Hawaiian during the 3rd quarter worth about $47,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of First Hawaiian during the 3rd quarter worth about $48,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FHB has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Piper Sandler upped their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Wells Fargo & Company upped their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, March 30th. Weiss Ratings raised shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Finally, Stephens set a $28.00 target price on shares of First Hawaiian in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $27.56.

First Hawaiian Stock Up 0.2%

Shares of FHB stock opened at $27.41 on Wednesday. The firm has a 50 day moving average price of $26.05 and a two-hundred day moving average price of $25.87. The company has a market capitalization of $3.33 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.75. First Hawaiian, Inc. has a 12-month low of $22.65 and a 12-month high of $28.35.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The firm had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. During the same period last year, the business posted $0.47 earnings per share. As a group, research analysts expect that First Hawaiian, Inc. will post 2.33 EPS for the current year.

First Hawaiian Dividend Announcement

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

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.