BNP Paribas Financial Markets Boosts Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

BNP Paribas Financial Markets grew its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 78.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,352 shares of the bank’s stock after buying an additional 11,604 shares during the period. BNP Paribas Financial Markets’ holdings in First Hawaiian were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FHB. CWM LLC increased its stake in First Hawaiian by 1,109.7% during the 2nd quarter. CWM LLC now owns 10,851 shares of the bank’s stock worth $225,000 after buying an additional 9,954 shares during the period. SG Americas Securities LLC purchased a new position in First Hawaiian in the second quarter valued at about $568,000. Raymond James & Associates grew its stake in 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 in the last quarter. Louisiana State Employees Retirement System increased its holdings in First Hawaiian by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 64,300 shares of the bank’s stock worth $1,335,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FHB. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Stephens started coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective for the company. Keefe, Bruyette & Woods increased their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Finally, Barclays increased their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, First Hawaiian has a consensus rating of “Hold” and an average price target of $26.14.

First Hawaiian Stock Down 0.8 %

Shares of FHB stock opened at $27.26 on Friday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.58 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 firm has a fifty day moving average of $25.86 and a 200-day moving average of $23.65.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

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.