Creative Planning Purchases 1,424 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Creative Planning grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,629 shares of the bank’s stock after acquiring an additional 1,424 shares during the period. Creative Planning’s holdings in First Hawaiian were worth $547,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of First Hawaiian by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock valued at $218,025,000 after acquiring an additional 942,634 shares during the last quarter. Dimensional Fund Advisors LP raised its position in First Hawaiian by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after purchasing an additional 370,722 shares during the last quarter. American Century Companies Inc. raised its position in First Hawaiian by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after purchasing an additional 203,407 shares during the last quarter. Reinhart Partners LLC. raised its position in First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after purchasing an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in First Hawaiian by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock worth $43,207,000 after purchasing an additional 139,291 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. The Goldman Sachs Group boosted their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Piper Sandler lifted their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company lifted their target price on shares of First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $24.33.

First Hawaiian Stock Up 1.5 %

Shares of FHB stock opened at $25.40 on Wednesday. First Hawaiian, Inc. has a 12-month low of $17.95 and a 12-month high of $26.18. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 14.51 and a beta of 0.96. The firm has a fifty day moving average of $23.69 and a 200-day moving average of $22.60.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

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.