AQR Capital Management LLC Sells 11,753 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

AQR Capital Management LLC decreased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,409 shares of the bank's stock after selling 11,753 shares during the quarter. AQR Capital Management LLC owned about 0.25% of First Hawaiian worth $8,237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in First Hawaiian by 10.7% during the 4th quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock worth $56,779,000 after purchasing an additional 211,399 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of First Hawaiian during the 4th quarter worth about $239,000. Price T Rowe Associates Inc. MD increased its position in shares of First Hawaiian by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 78,156 shares of the bank's stock valued at $2,029,000 after acquiring an additional 6,439 shares during the last quarter. Stifel Financial Corp boosted its position in First Hawaiian by 0.6% during the fourth quarter. Stifel Financial Corp now owns 234,424 shares of the bank's stock valued at $6,083,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $146,992,000 after purchasing an additional 186,993 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Trading Up 4.4%

FHB stock traded up $1.03 during midday trading on Monday, hitting $24.65. The stock had a trading volume of 90,734 shares, compared to its average volume of 728,524. The firm has a market cap of $3.11 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. The business has a fifty day moving average price of $23.50 and a two-hundred day moving average price of $25.51. 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 quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) 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 in the prior year, the firm earned $0.42 EPS. The business's revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.22%. First Hawaiian's dividend payout ratio (DPR) is presently 56.52%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FHB. The Goldman Sachs Group boosted their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their price target on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Piper Sandler raised their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.29.

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.