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Principal Financial Group Inc. Sells 25,519 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

First Hawaiian logo with Finance background

Principal Financial Group Inc. cut its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,199 shares of the bank's stock after selling 25,519 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of First Hawaiian worth $13,941,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Whittier Trust Co. lifted its holdings in 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 acquiring an additional 507 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock worth $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Hawaiian in the 3rd quarter worth approximately $51,000. Abich Financial Wealth Management LLC lifted its stake in First Hawaiian by 32.5% during the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank's stock valued at $55,000 after purchasing an additional 644 shares during the last quarter. Finally, Quarry LP boosted its holdings in First Hawaiian by 459.2% during 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 in the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Trading Down 1.1 %

NASDAQ:FHB traded down $0.29 on Friday, hitting $25.95. 467,141 shares of the company's stock traded hands, compared to its average volume of 663,054. The company has a market cap of $3.32 billion, a PE ratio of 14.83 and a beta of 0.98. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The firm has a 50-day moving average price of $26.42 and a 200-day moving average price of $24.16.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Monday, November 18th. First Hawaiian's payout ratio is presently 59.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FHB shares. JPMorgan Chase & Co. increased their price objective on First Hawaiian from $25.00 to $27.00 and gave the company an "underweight" rating in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research note on Tuesday, November 26th. Finally, Barclays lifted 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 investment analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $26.86.

Check Out Our Latest Report on First Hawaiian

About First Hawaiian

(Free Report)

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.

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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