Quantinno Capital Management LP Has $2.54 Million Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Quantinno Capital Management LP increased its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 43.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,942 shares of the bank’s stock after purchasing an additional 29,519 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of First Hawaiian worth $2,542,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in shares of First Hawaiian during the 4th quarter valued at $36,000. Blue Trust Inc. boosted its position in First Hawaiian by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after purchasing an additional 904 shares during the last quarter. Global Retirement Partners LLC grew its stake in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares in the last quarter. Smartleaf Asset Management LLC increased its position in First Hawaiian by 280.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank’s stock worth $103,000 after purchasing an additional 2,934 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of First Hawaiian by 72.1% during the 4th quarter. KBC Group NV now owns 6,154 shares of the bank’s stock worth $160,000 after purchasing an additional 2,579 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FHB. The Goldman Sachs Group boosted their price target on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler raised their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of First Hawaiian from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Finally, Barclays cut their target price on First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. 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 presently has an average rating of “Hold” and an average price target of $27.29.

First Hawaiian Price Performance

FHB stock opened at $24.29 on Wednesday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. The company has a 50-day moving average of $23.40 and a two-hundred day moving average of $25.49. First Hawaiian, Inc. has a 52-week low of $19.48 and a 52-week high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The company had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. During the same period in the previous year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently declared 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. This represents a $1.04 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, May 19th. First Hawaiian’s dividend payout ratio (DPR) is presently 56.52%.

About First Hawaiian

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.