First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 66.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,592 shares of the bank's stock after selling 18,600 shares during the quarter. UMB Bank n.a.'s holdings in First Hawaiian were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FHB. Blue Trust Inc. boosted its stake in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock worth $43,000 after buying an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Hawaiian during the 3rd quarter worth $51,000. Abich Financial Wealth Management LLC increased its position 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 worth $55,000 after purchasing an additional 644 shares during the last quarter. Quarry LP increased its holdings in shares of First Hawaiian by 459.2% during the 3rd 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. Finally, GAMMA Investing LLC increased its stake in First Hawaiian by 49.1% during the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank's stock worth $73,000 after acquiring an additional 1,041 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FHB. JPMorgan Chase & Co. raised their price objective on First Hawaiian from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group boosted their price target 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. Barclays increased their price objective 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. Wells Fargo & Company boosted their target price on First Hawaiian from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Finally, 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. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, First Hawaiian has an average rating of "Hold" and an average price target of $26.86.

First Hawaiian Price Performance

Shares of NASDAQ FHB traded down $0.15 during mid-day trading on Thursday, hitting $26.14. The company had a trading volume of 635,372 shares, compared to its average volume of 760,327. The company has a market capitalization of $3.34 billion, a PE ratio of 14.94 and a beta of 0.99. The business's 50-day simple moving average is $26.48 and its 200 day simple moving average is $24.81. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

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.