UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.67 Million Position in First Hawaiian, Inc. (NASDAQ:FHB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,087 shares of the bank’s stock after purchasing an additional 3,682 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of First Hawaiian worth $7,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FHB. The Manufacturers Life Insurance Company increased its stake in shares of First Hawaiian by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after purchasing an additional 122,599 shares during the period. Dimensional Fund Advisors LP grew 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 valued at $108,057,000 after buying an additional 370,722 shares in the last quarter. American Century Companies Inc. boosted its position 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 acquiring an additional 203,407 shares during the period. Reinhart Partners LLC. boosted its position in shares of First Hawaiian by 6.1% in the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock valued at $56,980,000 after acquiring an additional 141,327 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of First Hawaiian by 7.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after acquiring an additional 139,291 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

FHB has been the subject of several analyst reports. Barclays lifted their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price target on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Finally, Stephens began coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Four equities 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.14.

First Hawaiian Stock Performance

Shares of FHB stock opened at $27.39 on Tuesday. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The stock’s fifty day moving average price is $25.57 and its two-hundred day moving average price is $23.55. The company has a market cap of $3.50 billion, a PE ratio of 15.65 and a beta of 0.98.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

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.