Dimensional Fund Advisors LP Buys 186,993 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Dimensional Fund Advisors LP boosted its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,664,425 shares of the bank's stock after acquiring an additional 186,993 shares during the quarter. Dimensional Fund Advisors LP owned 4.43% of First Hawaiian worth $146,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its stake in shares of First Hawaiian by 88.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank's stock worth $351,000 after acquiring an additional 6,366 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Hawaiian in the 4th quarter valued at $215,000. Norges Bank bought a new stake in shares of First Hawaiian in the 4th quarter valued at $36,266,000. Principal Financial Group Inc. increased its position in shares of First Hawaiian by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank's stock worth $16,082,000 after buying an additional 17,515 shares during the period. Finally, Sterling Capital Management LLC raised its stake in First Hawaiian by 51.0% during the fourth quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank's stock worth $198,000 after buying an additional 2,580 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FHB shares. JPMorgan Chase & Co. decreased their price target on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company cut their price target on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, First Hawaiian presently has an average rating of "Hold" and an average target price of $27.29.

First Hawaiian Price Performance

Shares of NASDAQ:FHB traded down $0.36 during trading on Wednesday, reaching $22.86. 811,939 shares of the stock were exchanged, compared to its average volume of 725,543. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80. The stock has a fifty day moving average of $23.96 and a two-hundred day moving average of $25.53. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. Sell-side analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.55%. First Hawaiian's dividend payout ratio (DPR) is currently 56.52%.

First Hawaiian Company 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.