25,002 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,002 shares of the bank's stock, valued at approximately $611,000.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in First Hawaiian by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,664,425 shares of the bank's stock valued at $146,992,000 after purchasing an additional 186,993 shares in the last quarter. Alliancebernstein L.P. increased its position in First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock valued at $136,087,000 after acquiring an additional 864,420 shares during the last quarter. Reinhart Partners LLC. increased its position in First Hawaiian by 15.1% during the first quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank's stock valued at $56,845,000 after acquiring an additional 305,439 shares during the last quarter. Northern Trust Corp increased its position in First Hawaiian by 10.7% during the fourth quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock valued at $56,779,000 after acquiring an additional 211,399 shares during the last quarter. Finally, Norges Bank bought a new position in First Hawaiian during the fourth quarter valued at $36,266,000. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Price Performance

NASDAQ FHB traded up $0.01 on Friday, hitting $25.54. The company had a trading volume of 618,341 shares, compared to its average volume of 764,272. The company has a market capitalization of $3.21 billion, a PE ratio of 13.88, a PEG ratio of 6.49 and a beta of 0.83. The company's fifty day moving average price is $24.52 and its 200-day moving average price is $24.80. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. First Hawaiian had a net margin of 20.36% and a return on equity of 8.99%. The business had revenue of $211.00 million during the quarter, compared to analyst estimates of $210.24 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Monday, May 19th. First Hawaiian's dividend payout ratio is currently 56.52%.

Wall Street Analysts Forecast Growth

FHB has been the topic of several research reports. Barclays restated an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on shares of First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Finally, Keefe, Bruyette & Woods decreased their target price on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, First Hawaiian has a consensus rating of "Reduce" and an average target price of $27.64.

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.