First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Barclays PLC

Barclays PLC cut its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 42.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,151 shares of the bank’s stock after selling 76,860 shares during the quarter. Barclays PLC owned about 0.08% of First Hawaiian worth $2,411,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FHB. Wellington Management Group LLP grew its stake in First Hawaiian by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock valued at $15,897,000 after purchasing an additional 7,926 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 buying an additional 942,634 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in First Hawaiian during the 3rd quarter worth approximately $632,000. Jane Street Group LLC lifted its stake in First Hawaiian by 91.4% during the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock valued at $4,077,000 after acquiring an additional 84,120 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of First Hawaiian by 6.5% in 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 during the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on FHB. Barclays raised their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Wells Fargo & Company boosted their price target on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Finally, Stephens initiated coverage on First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, First Hawaiian presently has an average rating of “Hold” and a consensus target price of $26.86.

First Hawaiian Trading Up 1.3 %

Shares of FHB stock opened at $26.03 on Thursday. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The business’s 50 day moving average is $26.33 and its two-hundred day moving average is $24.03. The company has a market capitalization of $3.33 billion, a P/E ratio of 14.87 and a beta of 0.98.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.00%. 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.