Dimensional Fund Advisors LP Raises Position in First Hawaiian, Inc. (NASDAQ:FHB)

Dimensional Fund Advisors LP raised its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,205,140 shares of the bank’s stock after acquiring an additional 370,722 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.07% of First Hawaiian worth $108,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of FHB. Whittier Trust Co. raised its position in shares of First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the period. Versant Capital Management Inc raised its position in shares of First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after purchasing an additional 678 shares during the period. TFO Wealth Partners LLC raised its position in shares of First Hawaiian by 35,620.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,781 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in shares of First Hawaiian during the 1st quarter valued at $42,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of First Hawaiian by 48.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FHB. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Barclays lifted their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Finally, Piper Sandler lifted their price target on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $24.67.

First Hawaiian Stock Down 0.3 %

Shares of NASDAQ:FHB opened at $23.74 on Tuesday. First Hawaiian, Inc. has a 52 week low of $17.18 and a 52 week high of $26.18. The firm has a fifty day simple moving average of $23.85 and a two-hundred day simple moving average of $22.06. The stock has a market capitalization of $3.03 billion, a P/E ratio of 13.64 and a beta of 0.98.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, July 26th. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. First Hawaiian had a net margin of 18.83% and a return on equity of 8.96%. The firm had revenue of $204.62 million during the quarter, compared to analysts’ expectations of $202.94 million. On average, analysts expect that First Hawaiian, Inc. will post 1.79 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.26 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.04 annualized dividend and a yield of 4.38%. First Hawaiian’s dividend payout ratio (DPR) is 59.77%.

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.