First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Fmr LLC

Fmr LLC grew its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 20.3% during the third quarter, HoldingsChannel reports. The firm owned 913,400 shares of the bank’s stock after purchasing an additional 154,136 shares during the quarter. Fmr LLC’s holdings in First Hawaiian were worth $21,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FHB. Raymond James & Associates lifted its position in First Hawaiian by 5.5% in the second quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock valued at $22,420,000 after purchasing an additional 56,445 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of First Hawaiian by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock valued at $218,025,000 after buying an additional 942,634 shares during the period. American Century Companies Inc. boosted its stake in shares of First Hawaiian by 6.5% in the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock valued at $69,321,000 after buying an additional 203,407 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in First Hawaiian by 100.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank’s stock worth $80,000 after acquiring an additional 1,943 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in First Hawaiian in the third quarter worth $3,736,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Up 0.3 %

Shares of NASDAQ FHB opened at $27.39 on Tuesday. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The firm has a 50-day moving average of $25.57 and a two-hundred day moving average of $23.55. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.65 and a beta of 0.98.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Monday, November 18th. First Hawaiian’s dividend payout ratio is currently 59.43%.

Wall Street Analyst Weigh In

FHB has been the subject of a number of research reports. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target for the company. Wells Fargo & Company raised their price objective on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price target on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price target on First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.14.

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.