Barclays PLC Sells 76,860 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Barclays PLC trimmed its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 42.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,151 shares of the bank's stock after selling 76,860 shares during the quarter. Barclays PLC owned 0.08% of First Hawaiian worth $2,411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. boosted its stake in First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank's stock valued at $26,000 after purchasing an additional 507 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Hawaiian during the third quarter valued at $51,000. Quarry LP increased its holdings in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank's stock worth $57,000 after buying an additional 2,039 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in 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 buying an additional 644 shares during the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Performance

FHB traded up $0.21 during trading on Thursday, reaching $26.24. 359,019 shares of the company traded hands, compared to its average volume of 663,841. The company has a market cap of $3.36 billion, a P/E ratio of 14.99 and a beta of 0.98. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The firm has a fifty day simple moving average of $26.36 and a 200 day simple moving average of $24.04.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.96%. The ex-dividend date was Monday, November 18th. First Hawaiian's payout ratio is currently 59.43%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FHB shares. Wells Fargo & Company raised 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, December 3rd. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 target price for the company. The Goldman Sachs Group increased their price target on 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 upped their price objective on First Hawaiian from $25.00 to $28.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $26.86.

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.