First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 40.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 927,586 shares of the bank's stock after purchasing an additional 268,191 shares during the period. First Trust Advisors LP owned approximately 0.73% of First Hawaiian worth $24,071,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of First Hawaiian during the fourth quarter worth $36,000. Blue Trust Inc. boosted its position in shares of First Hawaiian by 49.2% during the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after acquiring an additional 904 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after acquiring an additional 693 shares during the last quarter. GAMMA Investing LLC raised its position in shares of First Hawaiian by 14.6% during 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in First Hawaiian by 280.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock worth $103,000 after purchasing an additional 2,934 shares during the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Trading Up 0.2 %

Shares of NASDAQ:FHB traded up $0.05 during midday trading on Thursday, hitting $22.91. 173,142 shares of the stock were exchanged, compared to its average volume of 723,412. The company has a 50 day moving average price of $23.96 and a 200-day moving average price of $25.53. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a market cap of $2.89 billion, a P/E ratio of 12.84, a PEG ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 EPS 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 company 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 company posted $0.42 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

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 given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Monday, May 19th. First Hawaiian's dividend payout ratio (DPR) is presently 56.52%.

Analyst Ratings Changes

A number of research firms have weighed in on FHB. JPMorgan Chase & Co. reduced their price objective on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price objective 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. The Goldman Sachs Group lifted their target price on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research report on Monday, February 3rd. Piper Sandler upped their target price on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their price target 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 analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.