Callan Family Office LLC Invests $4.59 Million in First Hawaiian, Inc. $FHB

Callan Family Office LLC acquired a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 156,694 shares of the bank’s stock, valued at approximately $4,591,000. Callan Family Office LLC owned about 0.13% of First Hawaiian as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of First Hawaiian by 36.6% in the 1st quarter. Bank of America Corp DE now owns 1,086,157 shares of the bank’s stock valued at $26,763,000 after purchasing an additional 291,271 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of First Hawaiian by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock valued at $365,777,000 after purchasing an additional 358,632 shares during the last quarter. Hsbc Holdings PLC acquired a new position in First Hawaiian during the 1st quarter worth approximately $1,829,000. Quantinno Capital Management LP increased its position in First Hawaiian by 60.3% during the 1st quarter. Quantinno Capital Management LP now owns 1,798,815 shares of the bank’s stock worth $44,323,000 after purchasing an additional 676,433 shares in the last quarter. Finally, Entropy Technologies LP increased its position in First Hawaiian by 637.3% during the 1st quarter. Entropy Technologies LP now owns 74,426 shares of the bank’s stock worth $1,834,000 after purchasing an additional 64,332 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Price Performance

First Hawaiian stock opened at $26.32 on Friday. The business has a 50 day moving average of $28.47 and a 200-day moving average of $26.94. The company has a market capitalization of $3.20 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.68 and a beta of 0.73. First Hawaiian, Inc. has a 1 year low of $22.65 and a 1 year high of $30.58.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, July 24th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. The business had revenue of $231.27 million for the quarter, compared to the consensus estimate of $227.77 million. During the same period last year, the company earned $0.58 EPS. Equities analysts anticipate that First Hawaiian, Inc. will post 2.34 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. First Hawaiian’s dividend payout ratio (DPR) is presently 45.22%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FHB shares. Barclays raised their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Hawaiian in a report on Monday, July 6th. Stephens upgraded First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 price target for the company in a research note on Thursday, August 6th. The Goldman Sachs Group raised their price objective on First Hawaiian from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company boosted their price objective on First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, First Hawaiian presently has a consensus rating of “Reduce” and a consensus target price of $30.25.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.