Villere ST Denis J & Co. LLC Has $19.04 Million Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Villere ST Denis J & Co. LLC decreased its holdings in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 822,498 shares of the bank's stock after selling 42,484 shares during the period. Villere ST Denis J & Co. LLC owned about 0.64% of First Hawaiian worth $19,041,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of 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 period. AQR Capital Management LLC grew its stake in First Hawaiian by 958.2% in the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank's stock valued at $9,043,000 after buying an additional 397,897 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 370,722 shares during the period. Harbor Capital Advisors Inc. lifted its position in First Hawaiian by 96.8% during the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank's stock worth $11,072,000 after acquiring an additional 235,253 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings 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 acquiring an additional 203,407 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Trading Up 0.6 %

First Hawaiian stock traded up $0.15 during trading hours on Friday, reaching $27.15. 737,993 shares of the stock were exchanged, compared to its average volume of 537,288. The stock has a 50 day moving average of $23.88 and a two-hundred day moving average of $22.71. The company has a market cap of $3.47 billion, a P/E ratio of 15.51 and a beta of 0.96. First Hawaiian, Inc. has a twelve month low of $17.95 and a twelve month high of $28.38.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.26 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a yield of 3.83%. First Hawaiian's dividend payout ratio (DPR) is 59.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FHB. Wells Fargo & Company increased their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Monday, October 28th. Barclays lifted their target price on First Hawaiian from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $25.00 to $26.00 and gave the company a "market perform" rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a "sell" rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of First Hawaiian from $24.00 to $23.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $24.33.

First Hawaiian Company 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.