Callan Family Office LLC Acquires Shares of 22,550 First Hawaiian, Inc. (NASDAQ:FHB)

Callan Family Office LLC purchased a new position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,550 shares of the bank's stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FHB. Jones Financial Companies Lllp purchased a new stake in shares of First Hawaiian in the 4th quarter worth $36,000. Quarry LP raised its holdings in shares of First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank's stock valued at $57,000 after acquiring an additional 2,039 shares in the last quarter. Blue Trust Inc. lifted its stake in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after acquiring an additional 904 shares during the period. Global Retirement Partners LLC grew its holdings in First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after acquiring an additional 693 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after purchasing an additional 461 shares during the period. Institutional investors own 97.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FHB shares. Barclays upped their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Stephens initiated coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price target on the stock. Wells Fargo & Company upped their price objective on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, First Hawaiian currently has a consensus rating of "Hold" and a consensus price target of $29.00.

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First Hawaiian Stock Down 1.5 %

Shares of First Hawaiian stock traded down $0.38 during trading on Thursday, reaching $24.15. The company's stock had a trading volume of 757,408 shares, compared to its average volume of 655,631. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80. The company has a 50-day simple moving average of $26.43 and a two-hundred day simple moving average of $25.58. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 3.28 and a beta of 0.94.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share 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 last year, the business earned $0.37 EPS. As a group, analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently declared 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 of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.31%. First Hawaiian's dividend payout ratio is currently 58.10%.

About First Hawaiian

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.