First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,235 shares of the bank’s stock after selling 1,778 shares during the period. Mutual of America Capital Management LLC’s holdings in First Hawaiian were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. grew its holdings in shares of First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after purchasing an additional 507 shares during the last quarter. Versant Capital Management Inc boosted its stake in First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after purchasing an additional 678 shares during the period. Blue Trust Inc. boosted its stake in First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares during the period. GAMMA Investing LLC grew its position in First Hawaiian by 50.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock worth $44,000 after purchasing an additional 710 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in First Hawaiian by 48.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FHB shares. Wells Fargo & Company lifted their target price on First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Stephens started coverage on First Hawaiian in a research report on Wednesday. They set an “equal weight” rating and a $30.00 target price on the stock. Four equities 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.43.

First Hawaiian Price Performance

Shares of FHB stock opened at $27.60 on Thursday. First Hawaiian, Inc. has a 12 month low of $18.85 and a 12 month high of $28.80. The firm has a market capitalization of $3.53 billion, a P/E ratio of 15.77 and a beta of 0.96. The company’s fifty day moving average price is $24.92 and its two-hundred day moving average price is $23.22.

First Hawaiian Dividend Announcement

The company 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s dividend payout ratio is currently 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.