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

Callan Family Office LLC acquired a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,550 shares of the bank’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in First Hawaiian by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock worth $237,000 after purchasing an additional 488 shares during the last quarter. Atria Investments Inc lifted its position in shares of First Hawaiian by 9.2% during the 3rd quarter. Atria Investments Inc now owns 35,769 shares of the bank’s stock worth $828,000 after buying an additional 3,000 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of First Hawaiian in the 3rd quarter valued at $200,000. Los Angeles Capital Management LLC grew its position in shares of First Hawaiian by 398.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 95,944 shares of the bank’s stock valued at $2,221,000 after buying an additional 76,710 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in First Hawaiian by 5.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock worth $262,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

NASDAQ:FHB opened at $25.79 on Monday. The firm has a market cap 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. The firm’s fifty day moving average price is $26.49 and its 200 day moving average price is $25.57. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating 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 in the prior year, the business earned $0.37 EPS. As a group, analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is 58.10%.

Analyst Ratings Changes

FHB has been the subject of several research analyst reports. Stephens began coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective for the company. Keefe, Bruyette & Woods raised their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Barclays boosted their price objective on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, First Hawaiian has a consensus rating of “Hold” and a consensus target price of $29.00.

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.