Everence Capital Management Inc. Trims Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Everence Capital Management Inc. cut its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 30.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,470 shares of the bank’s stock after selling 4,110 shares during the quarter. Everence Capital Management Inc.’s holdings in First Hawaiian were worth $246,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in First Hawaiian by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after buying an additional 122,599 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Hawaiian by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock valued at $108,057,000 after acquiring an additional 370,722 shares during the last quarter. American Century Companies Inc. raised 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 valued at $69,321,000 after acquiring an additional 203,407 shares in the last quarter. Reinhart Partners LLC. lifted its stake in First Hawaiian by 6.1% during the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after purchasing an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings 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 worth $43,207,000 after purchasing an additional 139,291 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FHB has been the subject of several recent research reports. Barclays upped their target price on First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Finally, Stephens initiated coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.86.

First Hawaiian Stock Down 0.7 %

Shares of FHB opened at $25.07 on Thursday. The firm has a market capitalization of $3.21 billion, a PE ratio of 14.33 and a beta of 0.99. The firm has a 50-day moving average price of $26.64 and a 200 day moving average price of $24.45. First Hawaiian, Inc. has a 52-week low of $19.48 and a 52-week high of $28.80.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a yield of 4.15%. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

About First Hawaiian

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.