First Hawaiian, Inc. (NASDAQ:FHB) Holdings Lifted by Reinhart Partners LLC.

Reinhart Partners LLC. lifted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,325,881 shares of the bank's stock after acquiring an additional 305,439 shares during the period. First Hawaiian comprises approximately 2.1% of Reinhart Partners LLC.'s holdings, making the stock its 23rd largest holding. Reinhart Partners LLC. owned about 1.84% of First Hawaiian worth $56,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of First Hawaiian by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,664,425 shares of the bank's stock valued at $146,992,000 after acquiring an additional 186,993 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of First Hawaiian by 19.7% during the 4th quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock valued at $136,087,000 after acquiring an additional 864,420 shares in the last quarter. Northern Trust Corp increased its position in First Hawaiian by 10.7% in the fourth quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock worth $56,779,000 after buying an additional 211,399 shares during the period. Charles Schwab Investment Management Inc. increased its position in First Hawaiian by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock worth $43,361,000 after buying an additional 9,775 shares during the period. Finally, Norges Bank acquired a new stake in First Hawaiian in the fourth quarter worth $36,266,000. 97.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FHB has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price 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. JPMorgan Chase & Co. dropped their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Barclays dropped their target price on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their target price on 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.29.

First Hawaiian Price Performance

Shares of FHB traded up $0.21 during trading hours on Tuesday, reaching $24.38. 571,161 shares of the company's stock traded hands, compared to its average volume of 734,123. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 3.28 and a beta of 0.83. First Hawaiian, Inc. has a twelve month low of $19.49 and a twelve month high of $28.80. The business's fifty day simple moving average is $23.19 and its two-hundred day simple moving average is $25.15.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. On average, equities research analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Monday, May 19th. First Hawaiian's dividend payout ratio (DPR) is 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.