First Hawaiian, Inc. $FHB Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,594,224 shares of the bank's stock after selling 76,705 shares during the period. Charles Schwab Investment Management Inc. owned about 1.26% of First Hawaiian worth $38,963,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FHB. Versant Capital Management Inc raised its position in shares of First Hawaiian by 65.1% in the 1st quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock valued at $76,000 after purchasing an additional 1,233 shares in the last quarter. Parallel Advisors LLC raised its position in shares of First Hawaiian by 26.0% in the 1st quarter. Parallel Advisors LLC now owns 4,462 shares of the bank's stock valued at $109,000 after purchasing an additional 920 shares in the last quarter. GAMMA Investing LLC raised its position in shares of First Hawaiian by 36.4% in the 1st quarter. GAMMA Investing LLC now owns 4,943 shares of the bank's stock valued at $121,000 after purchasing an additional 1,319 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of First Hawaiian by 51.0% in the 4th quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank's stock valued at $198,000 after purchasing an additional 2,580 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of First Hawaiian in the 1st quarter valued at approximately $208,000. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $24.50 on Monday. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.80. The business's fifty day moving average price is $24.77 and its two-hundred day moving average price is $24.60. The firm has a market capitalization of $3.05 billion, a PE ratio of 12.63, a P/E/G ratio of 5.97 and a beta of 0.84.

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

First Hawaiian Announces Dividend

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

Wall Street Analyst Weigh In

FHB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Barclays reissued an "underweight" rating on shares of First Hawaiian in a research report on Tuesday, July 8th. Wells Fargo & Company upped their price target on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods dropped their price target on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen raised First Hawaiian from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.

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