Blue Trust Inc. Buys 625 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Blue Trust Inc. lifted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 51.5% in the third quarter, HoldingsChannel.com reports. The fund owned 1,838 shares of the bank’s stock after acquiring an additional 625 shares during the quarter. Blue Trust Inc.’s holdings in First Hawaiian were worth $43,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates raised its stake in shares of First Hawaiian by 5.5% during the second quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock valued at $22,420,000 after acquiring an additional 56,445 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 valued at $218,025,000 after buying an additional 942,634 shares in the last quarter. American Century Companies Inc. boosted its holdings 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 buying an additional 203,407 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Hawaiian by 100.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank’s stock valued at $80,000 after buying an additional 1,943 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of First Hawaiian during the 2nd quarter valued at $462,000. 97.63% of the stock is owned by institutional investors.

First Hawaiian Price Performance

FHB stock opened at $24.82 on Friday. First Hawaiian, Inc. has a 1-year low of $17.95 and a 1-year high of $26.18. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.18 and a beta of 0.98. The business has a 50 day simple moving average of $23.64 and a two-hundred day simple moving average of $22.51.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 4.19%. First Hawaiian’s payout ratio is 59.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered their target price 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. Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Wells Fargo & Company upped their price target on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Finally, Barclays upped their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $24.33.

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.