Harbor Capital Advisors Inc. Sells 22,434 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Harbor Capital Advisors Inc. lessened its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 455,828 shares of the bank's stock after selling 22,434 shares during the quarter. Harbor Capital Advisors Inc. owned 0.36% of First Hawaiian worth $11,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised its position in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock worth $43,000 after acquiring an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in First Hawaiian during the third quarter worth approximately $51,000. Quarry LP grew its position in First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank's stock worth $57,000 after buying an additional 2,039 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of First Hawaiian by 32.5% in the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank's stock valued at $55,000 after buying an additional 644 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of First Hawaiian by 49.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,163 shares of the bank's stock valued at $73,000 after acquiring an additional 1,041 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Stock Performance

Shares of NASDAQ:FHB traded down $0.31 on Friday, hitting $24.76. 1,850,257 shares of the company were exchanged, compared to its average volume of 849,909. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.15 and a beta of 0.99. The company's 50 day moving average price is $26.64 and its two-hundred day moving average price is $24.45.

First Hawaiian Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Monday, November 18th. First Hawaiian's dividend payout ratio is currently 59.43%.

Wall Street Analysts Forecast Growth

FHB has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a "sell" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens began coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the company an "underweight" rating in a research report on Tuesday, December 17th. Finally, Barclays increased their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.86.

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.