Dimensional Fund Advisors LP Purchases 668,871 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Dimensional Fund Advisors LP grew its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,509,201 shares of the bank’s stock after purchasing an additional 668,871 shares during the quarter. Dimensional Fund Advisors LP owned about 3.53% of First Hawaiian worth $103,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC increased its holdings in First Hawaiian by 86.5% in the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after purchasing an additional 816 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of First Hawaiian by 196.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock valued at $27,000 after acquiring an additional 831 shares during the period. Golden State Equity Partners lifted its position in shares of First Hawaiian by 6.6% during the 4th quarter. Golden State Equity Partners now owns 16,685 shares of the bank’s stock valued at $381,000 after acquiring an additional 1,030 shares during the period. SkyView Investment Advisors LLC boosted its stake in First Hawaiian by 4.0% during the third quarter. SkyView Investment Advisors LLC now owns 32,375 shares of the bank’s stock worth $584,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in First Hawaiian by 26.9% in the fourth quarter. Signaturefd LLC now owns 6,232 shares of the bank’s stock worth $142,000 after purchasing an additional 1,320 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays initiated coverage on shares of First Hawaiian in a report on Friday, March 8th. They set an “equal weight” rating and a $25.00 price objective on the stock. Wells Fargo & Company increased their price target on First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $21.75.

First Hawaiian Price Performance

NASDAQ:FHB opened at $21.62 on Wednesday. First Hawaiian, Inc. has a one year low of $16.25 and a one year high of $23.22. The company has a market cap of $2.76 billion, a PE ratio of 12.43 and a beta of 1.00. The firm has a 50-day moving average of $21.53 and a 200-day moving average of $21.26.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. The firm had revenue of $205.80 million during the quarter, compared to analyst estimates of $202.41 million. On average, equities research analysts expect that First Hawaiian, Inc. will post 1.71 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, May 17th. First Hawaiian’s dividend payout ratio (DPR) is presently 59.77%.

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.