California Public Employees Retirement System Sells 12,012 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

California Public Employees Retirement System reduced its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,200 shares of the bank's stock after selling 12,012 shares during the period. California Public Employees Retirement System owned 0.17% of First Hawaiian worth $5,481,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FHB. FMR LLC increased its stake in First Hawaiian by 20.3% in the 3rd quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after purchasing an additional 154,136 shares during the period. BNP Paribas Financial Markets increased its position in First Hawaiian by 78.7% during the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank's stock valued at $610,000 after acquiring an additional 11,604 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Hawaiian by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,087 shares of the bank's stock worth $7,665,000 after acquiring an additional 3,682 shares during the last quarter. Verition Fund Management LLC bought a new stake in First Hawaiian during the 3rd quarter valued at about $284,000. Finally, Quarry LP increased its stake in shares of First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank's stock valued at $57,000 after buying an additional 2,039 shares during the period. 97.63% of the stock is currently owned by institutional investors.

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First Hawaiian Trading Up 0.6 %

Shares of FHB traded up $0.13 during trading hours on Monday, hitting $21.55. 30,452 shares of the stock traded hands, compared to its average volume of 711,475. The business has a fifty day moving average of $25.18 and a 200-day moving average of $25.57. The firm has a market capitalization of $2.72 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. 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 posted its quarterly earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the previous year, the company earned $0.37 earnings per share. As a group, equities research analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.83%. First Hawaiian's payout ratio is presently 58.10%.

Wall Street Analysts Forecast Growth

FHB has been the subject of several recent research reports. 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 report on Monday, February 3rd. The Goldman Sachs Group upped their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price objective on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $28.29.

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.