Harbor Capital Advisors Inc. Buys 235,253 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Harbor Capital Advisors Inc. increased its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 96.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,262 shares of the bank's stock after purchasing an additional 235,253 shares during the period. Harbor Capital Advisors Inc. owned 0.37% of First Hawaiian worth $11,072,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FHB. Whittier Trust Co. boosted its stake in shares of First Hawaiian by 68.7% in 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 last quarter. Blue Trust Inc. grew its holdings in First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock worth $43,000 after acquiring an additional 625 shares during the period. Versant Capital Management Inc raised its position in shares of First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank's stock valued at $39,000 after acquiring an additional 678 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of First Hawaiian by 48.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank's stock valued at $44,000 after purchasing an additional 652 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of First Hawaiian by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank's stock worth $44,000 after purchasing an additional 710 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Price Performance

FHB stock traded up $0.08 during trading hours on Friday, reaching $24.82. 404,806 shares of the stock were exchanged, compared to its average volume of 499,118. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 14.18 and a beta of 0.96. The firm's 50-day moving average is $23.64 and its 200-day moving average is $22.53. First Hawaiian, Inc. has a 12 month low of $17.95 and a 12 month high of $26.18.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 4.19%. First Hawaiian's dividend payout ratio is currently 59.43%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. 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 report on Monday, July 29th. Barclays upped their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price target 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. lowered 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. Finally, Wells Fargo & Company lifted their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Monday, October 28th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $24.33.

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.