Atria Investments Inc Grows Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Atria Investments Inc boosted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,769 shares of the bank’s stock after purchasing an additional 3,000 shares during the quarter. Atria Investments Inc’s holdings in First Hawaiian were worth $828,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FHB. The Manufacturers Life Insurance Company lifted its position in shares of First Hawaiian by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after purchasing an additional 942,634 shares during the last quarter. 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 during the last quarter. American Century Companies Inc. boosted its position in shares of First Hawaiian by 6.5% during the 2nd 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 in the last quarter. Reinhart Partners LLC. increased its holdings in shares of First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock valued at $56,980,000 after acquiring an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of First Hawaiian by 7.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock worth $43,207,000 after acquiring an additional 139,291 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FHB shares. Barclays raised their price objective on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Piper Sandler lifted their price target on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. cut their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods increased their price objective on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $24.33.

First Hawaiian Trading Down 0.1 %

Shares of FHB stock opened at $26.91 on Tuesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 15.54 and a beta of 0.96. The business’s 50 day moving average is $24.24 and its two-hundred day moving average is $22.92. First Hawaiian, Inc. has a twelve month low of $18.77 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 given 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 3.86%. First Hawaiian’s dividend payout ratio (DPR) is 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.