Crossmark Global Holdings Inc. Acquires New Position in First Hawaiian, Inc. (NASDAQ:FHB)

Crossmark Global Holdings Inc. bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,641 shares of the bank’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FHB. The Manufacturers Life Insurance Company increased its position in 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Hawaiian by 7.7% during the second 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. boosted its holdings 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 valued at $69,321,000 after acquiring an additional 203,407 shares in the last quarter. Reinhart Partners LLC. grew 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 worth $56,980,000 after acquiring an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in First Hawaiian by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock worth $43,207,000 after purchasing an additional 139,291 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Down 0.1 %

Shares of FHB stock opened at $26.91 on Tuesday. The firm has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $22.92. First Hawaiian, Inc. has a 12 month low of $18.77 and a 12 month high of $28.38. The firm has a market capitalization of $3.44 billion, a PE ratio of 15.38 and a beta of 0.96.

First Hawaiian Dividend Announcement

The business also recently declared 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. This represents a $1.04 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s payout ratio is currently 59.43%.

Wall Street Analyst Weigh In

FHB has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Piper Sandler lifted their target price on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays upped their price target on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their price objective on 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. reduced their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $24.33.

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.