First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,152,785 shares of the bank's stock after buying an additional 72,816 shares during the period. Raymond James & Associates owned about 0.90% of First Hawaiian worth $26,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FHB. Vanguard Group Inc. boosted its holdings in First Hawaiian by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 14,651,233 shares of the bank's stock valued at $334,927,000 after purchasing an additional 87,304 shares during the period. The Manufacturers Life Insurance Company raised its position in First Hawaiian by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank's stock valued at $218,025,000 after purchasing an additional 942,634 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Hawaiian by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank's stock valued at $108,057,000 after buying an additional 370,722 shares during the period. American Century Companies Inc. grew its position in shares of First Hawaiian by 6.5% during the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank's stock worth $69,321,000 after buying an additional 203,407 shares in the last quarter. Finally, Reinhart Partners LLC. increased its stake in shares of First Hawaiian by 6.1% during the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank's stock worth $56,980,000 after buying an additional 141,327 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Stock Performance

First Hawaiian stock traded down $0.03 during mid-day trading on Friday, reaching $23.96. 708,492 shares of the company were exchanged, compared to its average volume of 651,675. The firm has a market cap of $3.06 billion, a PE ratio of 13.77 and a beta of 0.98. The firm's 50-day simple moving average is $23.50 and its two-hundred day simple moving average is $22.38. First Hawaiian, Inc. has a twelve month low of $17.47 and a twelve month high of $26.18.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $204.62 million during the quarter, compared to the consensus estimate of $202.94 million. First Hawaiian had a return on equity of 8.96% and a net margin of 18.83%. As a group, equities research analysts anticipate that First Hawaiian, Inc. will post 1.78 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FHB. Wells Fargo & Company decreased their price target on shares of First Hawaiian from $22.00 to $20.00 and set an "underweight" rating for the company in a research note on Tuesday, October 1st. The Goldman Sachs Group boosted their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a "sell" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on First Hawaiian from $24.00 to $23.00 and set an "underweight" rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price target 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. Finally, Barclays boosted their price objective on First Hawaiian from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $24.17.

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.