OneDigital Investment Advisors LLC Makes New $980,000 Investment in First Hawaiian, Inc. $FHB

OneDigital Investment Advisors LLC purchased a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,441 shares of the bank’s stock, valued at approximately $980,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FHB. Illinois Municipal Retirement Fund grew its holdings in shares of First Hawaiian by 0.6% in the first quarter. Illinois Municipal Retirement Fund now owns 65,002 shares of the bank’s stock valued at $1,602,000 after purchasing an additional 397 shares in the last quarter. Evolve Private Wealth LLC lifted its holdings in First Hawaiian by 1.6% during the 1st quarter. Evolve Private Wealth LLC now owns 26,105 shares of the bank’s stock worth $643,000 after buying an additional 406 shares in the last quarter. Parallel Advisors LLC boosted its position in First Hawaiian by 11.3% in the 1st quarter. Parallel Advisors LLC now owns 5,171 shares of the bank’s stock valued at $127,000 after buying an additional 525 shares during the period. Global Retirement Partners LLC boosted its position in First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of First Hawaiian by 0.4% in the fourth quarter. Royal Bank of Canada now owns 139,962 shares of the bank’s stock worth $3,540,000 after acquiring an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Down 0.5%

Shares of FHB opened at $27.52 on Tuesday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.74 and a beta of 0.73. The firm’s fifty day simple moving average is $28.59 and its 200-day simple moving average is $26.95. First Hawaiian, Inc. has a twelve month low of $22.65 and a twelve month high of $30.58.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, July 24th. The bank reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $231.27 million during the quarter, compared to the consensus estimate of $227.77 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. On average, analysts predict that First Hawaiian, Inc. will post 2.34 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th. First Hawaiian’s dividend payout ratio is currently 45.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen cut their price objective on First Hawaiian from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on First Hawaiian from $26.00 to $28.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Zacks Research cut First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. The Goldman Sachs Group increased their price target on First Hawaiian from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $30.25.

First Hawaiian 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.