Campbell & CO Investment Adviser LLC Increases Position in First Hawaiian, Inc. $FHB

Campbell & CO Investment Adviser LLC grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 10.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 31,441 shares of the bank’s stock after purchasing an additional 3,038 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in First Hawaiian were worth $785,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in First Hawaiian by 3.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,493,396 shares of the bank’s stock valued at $256,459,000 after buying an additional 360,088 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Hawaiian by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,786,438 shares of the bank’s stock worth $141,417,000 after acquiring an additional 122,013 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in First Hawaiian by 0.7% in the second quarter. Reinhart Partners LLC. now owns 2,343,300 shares of the bank’s stock worth $58,489,000 after acquiring an additional 17,419 shares in the last quarter. Northern Trust Corp grew its stake in shares of First Hawaiian by 2.1% in the first quarter. Northern Trust Corp now owns 2,233,354 shares of the bank’s stock worth $54,583,000 after acquiring an additional 45,349 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of First Hawaiian by 4.8% during the first quarter. Raymond James Financial Inc. now owns 1,295,267 shares of the bank’s stock valued at $31,656,000 after acquiring an additional 58,793 shares in the last quarter. 97.63% of the stock is owned by institutional investors.

First Hawaiian Trading Down 0.9%

Shares of FHB opened at $24.56 on Friday. The firm has a fifty day simple moving average of $24.73 and a two-hundred day simple moving average of $24.60. The firm has a market cap of $3.04 billion, a PE ratio of 11.98, a P/E/G ratio of 1.61 and a beta of 0.91. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Monday, August 9th. The bank reported $0.44 EPS for the quarter. The company had revenue of $129.16 million during the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%. As a group, research analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.04 annualized dividend and a dividend yield of 4.2%. First Hawaiian’s dividend payout ratio is presently 50.73%.

Wall Street Analyst Weigh In

FHB has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $26.00 to $27.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Barclays raised shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $26.00 to $28.00 in a report on Tuesday. Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. TD Cowen began coverage on shares of First Hawaiian in a research report on Thursday, September 25th. They set a “hold” rating and a $27.00 price target for the company. Finally, Cowen reaffirmed a “hold” rating on shares of First Hawaiian in a research report on Tuesday, October 28th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $27.75.

First Hawaiian 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.