J.W. Cole Advisors Inc. Takes Position in First Hawaiian, Inc. (NASDAQ:FHB)

J.W. Cole Advisors Inc. acquired a new stake in First Hawaiian, Inc. (NASDAQ:FHB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,229 shares of the bank’s stock, valued at approximately $417,000.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of First Hawaiian by 196.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock valued at $27,000 after purchasing an additional 831 shares during the last quarter. Quent Capital LLC boosted its holdings in First Hawaiian by 86.5% during the 4th quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock valued at $40,000 after acquiring an additional 816 shares during the period. Impact Partnership Wealth LLC bought a new position in First Hawaiian in the 3rd quarter valued at $133,000. Janiczek Wealth Management LLC increased its stake in First Hawaiian by 22.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 8,628 shares of the bank’s stock worth $197,000 after purchasing an additional 1,595 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of First Hawaiian during the third quarter worth $206,000. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com raised shares of First Hawaiian to a “sell” rating in a research note on Friday, January 19th. Barclays assumed coverage on shares of First Hawaiian in a research note on Friday, March 8th. They issued an “equal weight” rating and a $25.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. Three analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $21.60.

First Hawaiian Price Performance

Shares of First Hawaiian stock opened at $21.96 on Wednesday. First Hawaiian, Inc. has a 1 year low of $15.08 and a 1 year high of $23.22. The firm’s 50-day moving average is $21.27 and its two-hundred day moving average is $20.73. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 11.93 and a beta of 1.01.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). First Hawaiian had a return on equity of 9.87% and a net margin of 20.90%. The business had revenue of $210.14 million for the quarter, compared to the consensus estimate of $201.09 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. On average, equities analysts expect that First Hawaiian, Inc. will post 1.69 earnings per share for the current year.

About First Hawaiian

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.