First Hawaiian, Inc. (NASDAQ:FHB) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,942 shares of the bank's stock after purchasing an additional 29,519 shares during the quarter. Quantinno Capital Management LP owned 0.08% of First Hawaiian worth $2,542,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CKW Financial Group grew its holdings in shares of First Hawaiian by 1.2% in the fourth quarter. CKW Financial Group now owns 32,600 shares of the bank's stock worth $846,000 after purchasing an additional 400 shares during the last quarter. M&T Bank Corp grew its stake in First Hawaiian by 2.5% in the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock worth $432,000 after acquiring an additional 409 shares in the last quarter. Covestor Ltd increased its holdings in First Hawaiian by 8.1% during the 4th quarter. Covestor Ltd now owns 7,226 shares of the bank's stock worth $188,000 after purchasing an additional 539 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of First Hawaiian by 1.8% in the 4th quarter. Evergreen Capital Management LLC now owns 37,260 shares of the bank's stock worth $967,000 after buying an additional 649 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after buying an additional 693 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on FHB. JPMorgan Chase & Co. dropped their target price on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Barclays lowered their target price on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Piper Sandler upped their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group increased their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, First Hawaiian currently has an average rating of "Hold" and an average price target of $27.29.

First Hawaiian Stock Down 0.8%

Shares of FHB traded down $0.18 during mid-day trading on Monday, hitting $23.42. 405,579 shares of the company traded hands, compared to its average volume of 735,385. The company has a market capitalization of $2.94 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. The business has a 50 day moving average of $23.33 and a 200 day moving average of $25.42. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year 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, beating the consensus estimate of $0.46 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. During the same period in the prior year, the firm earned $0.42 EPS. The firm's revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.44%. The ex-dividend date is Monday, May 19th. First Hawaiian's payout ratio is currently 56.52%.

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.