Callan Family Office LLC Acquires New Position in First Hawaiian, Inc. (NASDAQ:FHB)

Callan Family Office LLC bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the 4th quarter, Holdings Channel reports. The firm bought 22,550 shares of the bank’s stock, valued at approximately $585,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after buying an additional 122,599 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in First Hawaiian by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank’s stock valued at $43,361,000 after acquiring an additional 9,775 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Hawaiian during the fourth quarter worth about $32,086,000. FMR LLC lifted its holdings in shares of First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of First Hawaiian by 1.2% in the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock valued at $15,897,000 after purchasing an additional 7,926 shares during the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Price Performance

FHB opened at $25.79 on Monday. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80. The business has a 50-day moving average of $26.49 and a two-hundred day moving average of $25.57. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 3.28 and a beta of 0.94.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same period last year, the company earned $0.37 earnings per share. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.03%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

Wall Street Analyst Weigh In

FHB has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped 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. Barclays lifted their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, Piper Sandler upped their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.00.

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.