First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 3,218.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,229 shares of the bank's stock after buying an additional 30,288 shares during the period. International Assets Investment Management LLC's holdings in First Hawaiian were worth $7,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in First Hawaiian by 9.9% in the second 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 during the last quarter. AQR Capital Management LLC increased 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 in the last quarter. Dimensional Fund Advisors LP lifted 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 purchasing an additional 370,722 shares during the period. American Century Companies Inc. boosted its holdings in 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, Harbor Capital Advisors Inc. grew its position in First Hawaiian by 187.0% during the second quarter. Harbor Capital Advisors Inc. now owns 243,009 shares of the bank's stock valued at $5,045,000 after buying an additional 158,327 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of First Hawaiian from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 9th. Piper Sandler raised their price objective on First Hawaiian from $22.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price target on First Hawaiian from $21.00 to $24.00 and gave the stock a "sell" rating in a research report on Monday, July 29th. Barclays raised their price objective on First Hawaiian from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of First Hawaiian from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Monday. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $24.33.

First Hawaiian Stock Up 0.2 %

NASDAQ FHB traded up $0.04 on Friday, reaching $24.78. The stock had a trading volume of 269,252 shares, compared to its average volume of 647,395. First Hawaiian, Inc. has a 12-month low of $17.95 and a 12-month high of $26.18. The stock has a fifty day moving average price of $23.63 and a two-hundred day moving average price of $22.48. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.14 and a beta of 0.98.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian's dividend payout ratio (DPR) is 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.