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

Dimensional Fund Advisors LP lifted its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,664,425 shares of the bank's stock after buying an additional 186,993 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.43% of First Hawaiian worth $146,992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FHB. Steward Partners Investment Advisory LLC increased its stake in First Hawaiian by 88.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank's stock worth $351,000 after acquiring an additional 6,366 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in First Hawaiian in the fourth quarter worth $215,000. Norges Bank purchased a new stake in First Hawaiian during the fourth quarter valued at $36,266,000. Principal Financial Group Inc. lifted its position in First Hawaiian by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank's stock valued at $16,082,000 after purchasing an additional 17,515 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of First Hawaiian by 51.0% in the 4th quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank's stock worth $198,000 after buying an additional 2,580 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

First Hawaiian Stock Performance

FHB stock traded up $0.09 during midday trading on Monday, reaching $22.94. The company's stock had a trading volume of 660,102 shares, compared to its average volume of 725,513. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 12.82, a PEG 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. The stock has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $25.57.

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. The company had revenue of $211.00 million during the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. As a group, analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 4.53%. First Hawaiian's dividend payout ratio (DPR) is currently 56.52%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FHB shares. JPMorgan Chase & Co. lowered their price target on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday. 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 note on Wednesday, April 9th. Piper Sandler boosted 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. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.