First Hawaiian, Inc. (NASDAQ:FHB) Stake Increased by Creative Planning

Creative Planning grew its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,629 shares of the bank’s stock after purchasing an additional 1,424 shares during the period. Creative Planning’s holdings in First Hawaiian were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in shares of First Hawaiian by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after acquiring an additional 942,634 shares in the last quarter. Dimensional Fund Advisors LP raised 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 acquiring an additional 370,722 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of First Hawaiian by 6.5% during the second 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. raised its holdings in shares of 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 acquiring an additional 141,327 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of First Hawaiian by 7.2% during the second 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. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FHB shares. Piper Sandler increased their price objective on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group raised their target price on First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a report on Monday, July 29th. Barclays raised their target price on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Wells Fargo & Company raised their target price on First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods raised their target price 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 investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $24.33.

First Hawaiian Stock Up 1.5 %

FHB stock opened at $25.40 on Wednesday. First Hawaiian, Inc. has a twelve month low of $17.95 and a twelve month high of $26.18. The company has a market cap of $3.25 billion, a PE ratio of 14.51 and a beta of 0.96. The business’s 50-day simple moving average is $23.69 and its 200 day simple moving average is $22.60.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 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.