Callan Family Office LLC Lowers Stock Position in First Hawaiian, Inc. $FHB

Key Points

• Callan Family Office LLC sold 11,892 shares of First Hawaiian, Inc., reducing its holdings by 52.7%, and now owns 10,658 shares worth approximately $260,000.
• In recent earnings data, First Hawaiian reported an EPS of $0.58, exceeding analyst estimates of $0.49, with a revenue of $217.54 million.
• The bank announced a quarterly dividend of $0.26 per share, representing an annualized yield of 4.2%, with a payout ratio of 53.61%.

Callan Family Office LLC decreased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 52.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,658 shares of the bank's stock after selling 11,892 shares during the quarter. Callan Family Office LLC's holdings in First Hawaiian were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FHB. Envestnet Asset Management Inc. grew its holdings in shares of First Hawaiian by 28.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 207,563 shares of the bank's stock worth $5,386,000 after purchasing an additional 46,374 shares during the last quarter. Cerity Partners LLC raised its stake in shares of First Hawaiian by 30.7% during the fourth quarter. Cerity Partners LLC now owns 35,080 shares of the bank's stock valued at $858,000 after acquiring an additional 8,244 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of First Hawaiian by 11.9% in the fourth quarter. Bank of Montreal Can now owns 20,028 shares of the bank's stock valued at $520,000 after purchasing an additional 2,126 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $32,086,000. Finally, Sterling Capital Management LLC grew its stake in First Hawaiian by 51.0% in the fourth quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank's stock worth $198,000 after purchasing an additional 2,580 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Trading Up 0.3%

Shares of FHB stock traded up $0.0730 during trading hours on Tuesday, hitting $24.6330. The company's stock had a trading volume of 205,220 shares, compared to its average volume of 892,399. The stock has a market cap of $3.07 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 5.97 and a beta of 0.84. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.80. The company has a 50 day moving average of $24.78 and a 200 day moving average of $24.58.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Friday, July 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.09. The company had revenue of $217.54 million during the quarter, compared to the consensus estimate of $214.67 million. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, August 18th. First Hawaiian's dividend payout ratio (DPR) is 53.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays reaffirmed an "underweight" rating on shares of First Hawaiian in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Wells Fargo & Company upped 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. Wall Street Zen raised First Hawaiian from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Three analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Strong Sell" and an average target price of $27.64.

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.