Edgestream Partners L.P. acquired a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,867 shares of the bank's stock, valued at approximately $1,641,000. Edgestream Partners L.P. owned about 0.06% of First Hawaiian as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Whittier Trust Co. lifted its stake in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank's stock worth $26,000 after acquiring an additional 507 shares during the period. Blue Trust Inc. lifted its stake in shares of First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock worth $43,000 after acquiring an additional 625 shares during the period. GAMMA Investing LLC lifted its stake in shares of First Hawaiian by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank's stock worth $44,000 after acquiring an additional 710 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Hawaiian in the 3rd quarter worth approximately $51,000. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of First Hawaiian by 32.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank's stock worth $55,000 after acquiring an additional 644 shares during the period. Institutional investors own 97.63% of the company's stock.
First Hawaiian Price Performance
First Hawaiian stock traded up $0.04 during trading hours on Wednesday, hitting $27.10. The company had a trading volume of 557,661 shares, compared to its average volume of 652,151. The firm has a market capitalization of $3.47 billion, a P/E ratio of 15.43 and a beta of 0.98. The firm's fifty day moving average is $25.22 and its 200-day moving average is $23.37. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.
First Hawaiian Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.84%. The ex-dividend date was Monday, November 18th. First Hawaiian's dividend payout ratio is 59.43%.
Analysts Set New Price Targets
Several analysts recently commented on FHB shares. JPMorgan Chase & Co. cut their target price on shares of First Hawaiian from $24.00 to $23.00 and set an "underweight" rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a report on Tuesday, November 26th. 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 report on Wednesday. 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. Finally, Wells Fargo & Company boosted their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.86.
Get Our Latest Analysis on First Hawaiian
First Hawaiian Company Profile
(
Free Report)
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.
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