First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lowered its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,808,862 shares of the bank's stock after selling 32,014 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 4.54% of First Hawaiian worth $150,740,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. CKW Financial Group boosted its holdings in First Hawaiian by 1.2% in the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank's stock worth $846,000 after acquiring an additional 400 shares during the period. M&T Bank Corp boosted its holdings 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 during the period. GAMMA Investing LLC boosted its holdings in First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after acquiring an additional 461 shares during the period. Covestor Ltd boosted its holdings in First Hawaiian by 8.1% in the 4th quarter. Covestor Ltd now owns 7,226 shares of the bank's stock worth $188,000 after acquiring an additional 539 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in 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 acquiring an additional 649 shares during the period. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Price Performance

Shares of NASDAQ:FHB traded up $0.01 during trading on Monday, reaching $22.86. 126,988 shares of the company's stock traded hands, compared to its average volume of 723,427. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80. The company has a 50 day moving average of $24.20 and a 200-day moving average of $25.57. The stock has a market capitalization of $2.89 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, beating 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 business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $210.24 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, May 19th. First Hawaiian's payout ratio is 56.52%.

Analysts Set New Price Targets

Several research firms have recently commented on FHB. Piper Sandler increased their target price on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. The Goldman Sachs Group increased their target price on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note 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. Keefe, Bruyette & Woods reduced their target price on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday. Finally, Barclays reduced their target price on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.