First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 91.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,121 shares of the bank’s stock after purchasing an additional 84,120 shares during the period. Jane Street Group LLC’s holdings in First Hawaiian were worth $4,077,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. lifted its position in First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the period. Blue Trust Inc. raised its stake in shares of First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after buying an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Hawaiian in the 3rd quarter valued at about $51,000. Abich Financial Wealth Management LLC boosted its stake in shares of First Hawaiian by 32.5% in the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after buying an additional 644 shares during the last quarter. Finally, Quarry LP grew its holdings in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares during the period. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Trading Down 5.7 %

FHB stock opened at $25.19 on Thursday. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The business’s 50-day moving average is $26.17 and its 200 day moving average is $23.84. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 14.39 and a beta of 0.98.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Monday, November 18th. First Hawaiian’s dividend payout ratio is presently 59.43%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FHB. Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Barclays lifted their price target on First Hawaiian from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.71.

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.