Y Intercept Hong Kong Ltd Purchases Shares of 27,288 First Hawaiian, Inc. (NASDAQ:FHB)

Y Intercept Hong Kong Ltd bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,288 shares of the bank's stock, valued at approximately $632,000.

A number of other institutional investors have also added to or reduced their stakes in FHB. SG Americas Securities LLC purchased a new position in First Hawaiian in the second quarter worth $568,000. Raymond James & Associates increased its position in shares of First Hawaiian by 5.5% during the 2nd quarter. Raymond James & Associates now owns 1,079,969 shares of the bank's stock valued at $22,420,000 after purchasing an additional 56,445 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in First Hawaiian by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 64,300 shares of the bank's stock worth $1,335,000 after buying an additional 1,100 shares during the last quarter. Whittier Trust Co. boosted its stake in First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank's stock worth $26,000 after buying an additional 507 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in First Hawaiian by 28.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,733 shares of the bank's stock valued at $617,000 after acquiring an additional 6,505 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FHB. Barclays increased their target price on First Hawaiian from $25.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. The Goldman Sachs Group increased their price objective on First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research note on Tuesday, November 26th. Stephens initiated coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 target price on the stock. JPMorgan Chase & Co. dropped their price target 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, Keefe, Bruyette & Woods boosted their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.14.

First Hawaiian Trading Down 0.7 %

First Hawaiian stock traded down $0.20 during mid-day trading on Friday, hitting $27.06. The company had a trading volume of 705,179 shares, compared to its average volume of 653,250. The company has a market capitalization of $3.46 billion, a PE ratio of 15.46 and a beta of 0.98. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80. The stock's 50 day moving average price is $25.95 and its two-hundred day moving average price is $23.71.

First Hawaiian Dividend Announcement

The firm 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. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.84%. First Hawaiian's dividend payout ratio (DPR) is presently 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.