Eagle Asset Management Inc. grew its stake in First Hawaiian Inc (NASDAQ:FHB) by 35.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,795 shares of the bank’s stock after acquiring an additional 29,128 shares during the period. Eagle Asset Management Inc. owned 0.08% of First Hawaiian worth $3,357,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in FHB. Janus Henderson Group PLC bought a new position in shares of First Hawaiian in the 2nd quarter valued at about $127,437,000. FMR LLC grew its holdings in shares of First Hawaiian by 222.8% in the 2nd quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock valued at $53,627,000 after acquiring an additional 1,208,748 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of First Hawaiian by 272.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 898,095 shares of the bank’s stock valued at $27,499,000 after acquiring an additional 656,786 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Hawaiian by 19.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,647,583 shares of the bank’s stock valued at $111,689,000 after acquiring an additional 597,492 shares in the last quarter. Finally, Sapience Investments LLC grew its holdings in shares of First Hawaiian by 3,227.7% in the 2nd quarter. Sapience Investments LLC now owns 502,489 shares of the bank’s stock valued at $15,386,000 after acquiring an additional 487,389 shares in the last quarter. Institutional investors own 35.74% of the company’s stock.
First Hawaiian Inc (NASDAQ:FHB) opened at $30.04 on Wednesday. First Hawaiian Inc has a 1-year low of $26.30 and a 1-year high of $35.47. The company has a market capitalization of $4,250.40, a PE ratio of 18.57, a P/E/G ratio of 5.08 and a beta of 0.76.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, November 24th. This represents a $0.88 annualized dividend and a yield of 2.93%. First Hawaiian’s dividend payout ratio (DPR) is presently 53.33%.
Several equities analysts have recently weighed in on FHB shares. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. BidaskClub cut First Hawaiian from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. UBS lifted their price target on First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Barclays set a $32.00 price target on First Hawaiian and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, ValuEngine upgraded First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $32.50.
First Hawaiian Company Profile
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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