First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. trimmed its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,808,862 shares of the bank's stock after selling 32,014 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 4.54% of First Hawaiian worth $150,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FHB. Jones Financial Companies Lllp bought a new stake in First Hawaiian in the fourth quarter worth about $36,000. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 904 shares during the period. Global Retirement Partners LLC lifted its stake in shares of 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 during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 461 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in First Hawaiian by 280.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock valued at $103,000 after acquiring an additional 2,934 shares during the period. Hedge funds and other institutional investors own 97.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Barclays dropped their target price on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Piper Sandler increased their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.29.

First Hawaiian Stock Down 0.8 %

Shares of NASDAQ FHB traded down $0.19 during midday trading on Friday, reaching $22.85. 889,579 shares of the company's stock traded hands, compared to its average volume of 725,437. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 3.28 and a beta of 0.77. The stock's 50 day simple moving average is $24.20 and its 200-day simple moving average is $25.53. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to analysts' expectations of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. Equities analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.26 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.55%. First Hawaiian's dividend payout ratio is presently 58.10%.

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.