First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,624,759 shares of the bank's stock after acquiring an additional 122,599 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 8.31% of First Hawaiian worth $245,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in shares of First Hawaiian by 958.2% during the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank's stock valued at $9,043,000 after purchasing an additional 397,897 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank's stock valued at $108,057,000 after purchasing an additional 370,722 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of First Hawaiian by 96.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank's stock valued at $11,072,000 after purchasing an additional 235,253 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of First Hawaiian by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank's stock valued at $69,321,000 after purchasing an additional 203,407 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in First Hawaiian in the 3rd quarter worth $3,736,000. Institutional investors own 97.63% of the company's stock.

First Hawaiian Trading Down 1.7 %

FHB traded down $0.48 during midday trading on Tuesday, hitting $27.68. 900,929 shares of the company were exchanged, compared to its average volume of 653,603. The company's 50 day simple moving average is $24.84 and its 200 day simple moving average is $23.19. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 15.82 and a beta of 0.96. First Hawaiian, Inc. has a 1-year low of $18.77 and a 1-year high of $28.80.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian's dividend payout ratio (DPR) is presently 59.43%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FHB. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $26.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. Barclays raised their target price on First Hawaiian from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Monday, July 29th. Wells Fargo & Company raised their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Monday, October 28th. Piper Sandler raised their target price on First Hawaiian from $22.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group raised their target price on First Hawaiian from $22.00 to $26.00 and gave the stock a "sell" rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, First Hawaiian presently has a consensus rating of "Reduce" and an average price target of $24.67.

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.