BNP Paribas Financial Markets Acquires 11,604 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

BNP Paribas Financial Markets increased its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 78.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,352 shares of the bank’s stock after purchasing an additional 11,604 shares during the quarter. BNP Paribas Financial Markets’ holdings in First Hawaiian were worth $610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates raised its stake in First Hawaiian by 5.5% during the 2nd quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock worth $22,420,000 after buying an additional 56,445 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of First Hawaiian by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after purchasing an additional 942,634 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in First Hawaiian by 100.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank’s stock valued at $80,000 after purchasing an additional 1,943 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in First Hawaiian during the 3rd quarter valued at $3,736,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FHB. Keefe, Bruyette & Woods boosted their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Stephens initiated coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price on the stock. Barclays increased their price target on First Hawaiian from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. 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, First Hawaiian has an average rating of “Hold” and an average target price of $26.14.

First Hawaiian Trading Down 0.8 %

Shares of First Hawaiian stock opened at $27.26 on Friday. The company’s fifty day simple moving average is $25.86 and its two-hundred day simple moving average is $23.65. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The company has a market cap of $3.49 billion, a P/E ratio of 15.58 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 given a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.82%. First Hawaiian’s dividend payout ratio is currently 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.