First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 699,224 shares of the bank's stock after acquiring an additional 12,523 shares during the period. Wellington Management Group LLP owned about 0.55% of First Hawaiian worth $18,145,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of First Hawaiian in the fourth quarter valued at about $36,000. Blue Trust Inc. grew its holdings in shares of First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock valued at $71,000 after purchasing an additional 904 shares during the period. Global Retirement Partners LLC grew its holdings in shares of First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after purchasing an additional 693 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock valued at $103,000 after purchasing an additional 2,934 shares during the period. Finally, KBC Group NV grew its holdings in shares of First Hawaiian by 72.1% in the fourth quarter. KBC Group NV now owns 6,154 shares of the bank's stock valued at $160,000 after purchasing an additional 2,579 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Trading Up 0.1%

NASDAQ:FHB traded up $0.02 during mid-day trading on Thursday, hitting $23.61. The stock had a trading volume of 696,730 shares, compared to its average volume of 732,917. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a 50-day simple moving average of $23.19 and a two-hundred day simple moving average of $25.25. The company has a market capitalization of $2.97 billion, a PE ratio of 13.19, a PEG ratio of 3.28 and a beta of 0.82.

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 analysts' consensus estimates of $0.46 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The company had revenue of $211.00 million for the quarter, compared to analysts' expectations of $210.24 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.40%. First Hawaiian's payout ratio is currently 56.52%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FHB. Barclays dropped their price objective on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lowered 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 note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price target on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.29.

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.