GAMMA Investing LLC Has $94,000 Position in First Hawaiian, Inc. (NASDAQ:FHB)

GAMMA Investing LLC raised its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,624 shares of the bank’s stock after buying an additional 461 shares during the period. GAMMA Investing LLC’s holdings in First Hawaiian were worth $94,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of First Hawaiian by 9.9% during 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 purchasing an additional 942,634 shares in the last quarter. AQR Capital Management LLC raised its holdings in First Hawaiian by 958.2% in the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after acquiring an additional 397,897 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 370,722 shares during the period. Harbor Capital Advisors Inc. raised its holdings in First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after acquiring an additional 235,253 shares during the period. Finally, American Century Companies Inc. raised its holdings 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 acquiring an additional 203,407 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FHB shares. Stephens started coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Barclays boosted their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.86.

First Hawaiian Stock Performance

Shares of NASDAQ:FHB opened at $24.76 on Friday. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The company has a market capitalization of $3.17 billion, a PE ratio of 14.15 and a beta of 0.99. The company has a 50 day moving average price of $26.64 and a two-hundred day moving average price of $24.48.

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 $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 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.