161,394 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 161,394 shares of the bank's stock, valued at approximately $3,736,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.13% of First Hawaiian at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FHB. Raymond James & Associates lifted its holdings in First Hawaiian by 5.5% in the 2nd quarter. Raymond James & Associates now owns 1,079,969 shares of the bank's stock worth $22,420,000 after purchasing an additional 56,445 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in 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 worth $218,025,000 after acquiring an additional 942,634 shares during the last quarter. American Century Companies Inc. boosted its holdings in First Hawaiian by 6.5% during 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. Benjamin F. Edwards & Company Inc. grew its position in shares of First Hawaiian by 100.8% in the second 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 last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Hawaiian during the 2nd quarter worth about $462,000. 97.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on FHB shares. JPMorgan Chase & Co. dropped 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. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $25.00 to $26.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. Barclays raised their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Monday, July 29th. Wells Fargo & Company upped their price objective on shares of First Hawaiian from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group lifted their target price on First Hawaiian from $21.00 to $24.00 and gave the stock a "sell" rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $24.33.

First Hawaiian Stock Up 0.5 %

NASDAQ FHB opened at $26.99 on Thursday. The company's 50-day simple moving average is $24.48 and its 200 day simple moving average is $23.02. First Hawaiian, Inc. has a twelve month low of $18.77 and a twelve month high of $28.38. The stock has a market cap of $3.45 billion, a P/E ratio of 15.42 and a beta of 0.96.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian's payout ratio is 59.43%.

First Hawaiian Company 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.