Fmr LLC Acquires 154,136 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

FMR LLC raised its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 913,400 shares of the bank's stock after purchasing an additional 154,136 shares during the period. FMR LLC owned 0.71% of First Hawaiian worth $21,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FHB. Whittier Trust Co. lifted its position 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 period. Blue Trust Inc. lifted its position in First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock valued at $43,000 after purchasing an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Hawaiian in the 3rd quarter valued at approximately $51,000. Abich Financial Wealth Management LLC raised its position 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 valued at $55,000 after acquiring an additional 644 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of First Hawaiian in the 2nd quarter valued at approximately $68,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on FHB shares. Barclays increased their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. cut their price target on shares of 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 increased their price target on shares of 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, 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 price target on the stock. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $26.14.

First Hawaiian Stock Performance

NASDAQ FHB traded up $0.03 during trading hours on Tuesday, reaching $27.42. 805,997 shares of the company's stock were exchanged, compared to its average volume of 652,376. The company's 50-day moving average is $25.57 and its two-hundred day moving average is $23.55. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 15.67 and a beta of 0.98.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.79%. First Hawaiian's dividend payout ratio is currently 59.43%.

First Hawaiian 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.