First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lessened its position in First Hawaiian, Inc. (NASDAQ:FHB) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,808,862 shares of the bank’s stock after selling 32,014 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 4.54% of First Hawaiian worth $150,740,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of First Hawaiian during the fourth quarter valued at $36,266,000. Raymond James Financial Inc. bought a new position in First Hawaiian in the 4th quarter valued at about $32,086,000. Alliancebernstein L.P. increased its stake in First Hawaiian by 19.7% during the 4th quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank’s stock valued at $136,087,000 after buying an additional 864,420 shares during the period. First Trust Advisors LP raised its position in shares of First Hawaiian by 40.7% during the 4th quarter. First Trust Advisors LP now owns 927,586 shares of the bank’s stock worth $24,071,000 after buying an additional 268,191 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its stake in shares of First Hawaiian by 99.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 500,733 shares of the bank’s stock worth $12,994,000 after acquiring an additional 249,054 shares during the period. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Trading Up 3.7 %

Shares of FHB opened at $23.29 on Wednesday. The business’s 50-day moving average price is $24.46 and its 200 day moving average price is $25.54. The stock has a market capitalization of $2.94 billion, a P/E ratio of 13.01, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, January 31st. The bank reported $0.41 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 in the previous year, the business earned $0.37 earnings per share. On average, research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.47%. The ex-dividend date was Friday, February 14th. First Hawaiian’s payout ratio is 58.10%.

Analyst Ratings Changes

FHB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price target on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on First Hawaiian from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their target price on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Finally, Barclays dropped their price target on shares of First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.29.

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.