First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,229 shares of the bank’s stock after buying an additional 488 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in First Hawaiian were worth $237,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FHB. The Manufacturers Life Insurance Company lifted its position in shares of First Hawaiian by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after acquiring an additional 942,634 shares during the period. Dimensional Fund Advisors LP lifted its holdings in First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after buying an additional 370,722 shares in the last quarter. American Century Companies Inc. raised its position 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 last quarter. Reinhart Partners LLC. lifted its position in First Hawaiian by 6.1% during the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock valued at $56,980,000 after purchasing an additional 141,327 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in First Hawaiian by 7.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after buying an additional 139,291 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Stock Up 1.9 %

NASDAQ:FHB opened at $27.67 on Tuesday. The firm’s fifty day simple moving average is $23.88 and its 200 day simple moving average is $22.71. First Hawaiian, Inc. has a twelve month low of $17.96 and a twelve month high of $28.38. The stock has a market cap of $3.54 billion, a P/E ratio of 15.85 and a beta of 0.96.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s dividend payout ratio is currently 59.43%.

Analyst Ratings Changes

A number of research analysts have recently commented on FHB shares. JPMorgan Chase & Co. decreased 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. Keefe, Bruyette & Woods lifted their price objective 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. Wells Fargo & Company boosted 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. The Goldman Sachs Group increased their price target on First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Finally, Barclays lifted their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price 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.