Callan Family Office LLC Has $4.19 Million Stake in First Hawaiian, Inc. $FHB

Key Points

• Callan Family Office LLC significantly increased its stake in First Hawaiian, Inc. by 1,476.4%, owning 168,009 shares worth approximately $4.19 million as of its latest SEC filing.
• First Hawaiian recently reported $0.44 earnings per share for the last quarter and declared a quarterly dividend of $0.26 per share, which equates to an annual yield of 4.4%.
• The stock is currently rated as a "Reduce" by analysts, with average price targets ranging between $22.00 and $27.00, signaling a mixed sentiment towards its future performance.

Callan Family Office LLC raised its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 1,476.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,009 shares of the bank's stock after buying an additional 157,351 shares during the quarter. Callan Family Office LLC owned 0.13% of First Hawaiian worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of First Hawaiian by 199.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank's stock worth $26,000 after purchasing an additional 705 shares during the period. Headlands Technologies LLC acquired a new stake in shares of First Hawaiian during the first quarter worth about $44,000. GAMMA Investing LLC raised its position in shares of First Hawaiian by 36.4% during the first quarter. GAMMA Investing LLC now owns 4,943 shares of the bank's stock worth $121,000 after purchasing an additional 1,319 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of First Hawaiian during the first quarter worth about $134,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of First Hawaiian during the second quarter worth about $154,000. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Stock Down 3.7%

FHB stock opened at $23.51 on Friday. The business has a 50 day moving average price of $25.03 and a two-hundred day moving average price of $24.34. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 5.91 and a beta of 0.84. First Hawaiian, Inc. has a twelve month low of $20.32 and a twelve month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings results on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. The firm had revenue of $129.16 million during the quarter. First Hawaiian had a return on equity of 9.29% and a net margin of 21.45%. On average, equities research analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, August 18th. First Hawaiian's dividend payout ratio (DPR) is currently 53.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Cowen assumed coverage on First Hawaiian in a research report on Thursday, September 25th. They set a "hold" rating and a $27.00 price target on the stock. Piper Sandler assumed coverage on First Hawaiian in a research report on Thursday, August 21st. They set a "neutral" rating and a $26.00 price target on the stock. Wells Fargo & Company raised their price target on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of First Hawaiian in a report on Wednesday. Finally, Cowen began coverage on First Hawaiian in a report on Wednesday, September 24th. They set a "hold" rating for the company. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $27.06.

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.

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