Dimensional Fund Advisors LP Purchases 97,803 Shares of First Hawaiian, Inc. $FHB

Dimensional Fund Advisors LP raised its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,158,776 shares of the bank’s stock after buying an additional 97,803 shares during the period. Dimensional Fund Advisors LP owned about 4.98% of First Hawaiian worth $152,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in First Hawaiian by 74.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after acquiring an additional 438 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of First Hawaiian during the third quarter worth approximately $64,000. Quent Capital LLC acquired a new position in shares of First Hawaiian during the third quarter worth approximately $65,000. Blue Trust Inc. grew its stake in shares of First Hawaiian by 36.3% during the third quarter. Blue Trust Inc. now owns 2,776 shares of the bank’s stock valued at $69,000 after purchasing an additional 740 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of First Hawaiian by 333.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,759 shares of the bank’s stock valued at $69,000 after purchasing an additional 2,123 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Craig Scott Wo sold 1,500 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

First Hawaiian Stock Down 1.0%

Shares of FHB stock opened at $24.17 on Wednesday. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.35. The firm has a fifty day moving average of $26.25 and a 200-day moving average of $25.49. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.93 and a beta of 0.71.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, January 30th. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $225.85 million for the quarter, compared to analyst estimates of $225.33 million. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.During the same quarter last year, the firm posted $0.41 earnings per share. Research analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 4.3%. First Hawaiian’s dividend payout ratio (DPR) is 47.27%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FHB. TD Cowen reissued a “hold” rating on shares of First Hawaiian in a research note on Monday, February 2nd. Barclays raised First Hawaiian from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $28.00 in a research note on Tuesday, November 11th. Zacks Research lowered First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. Wall Street Zen raised First Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, The Goldman Sachs Group set a $27.50 target price on shares of First Hawaiian and gave the company a “sell” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, First Hawaiian currently has an average rating of “Reduce” and an average target price of $27.50.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.