OneDigital Investment Advisors LLC Buys 667 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

OneDigital Investment Advisors LLC increased its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 2.2% during the 3rd quarter, Holdings Channel reports. The fund owned 30,615 shares of the bank’s stock after acquiring an additional 667 shares during the period. OneDigital Investment Advisors LLC’s holdings in First Hawaiian were worth $709,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in shares of First Hawaiian by 9.9% in 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 during the period. Dimensional Fund Advisors LP grew its stake in First Hawaiian by 7.7% in the second 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 period. American Century Companies Inc. increased 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 valued at $69,321,000 after acquiring an additional 203,407 shares in the last quarter. Reinhart Partners LLC. raised its position 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 purchasing an additional 141,327 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of First Hawaiian by 7.2% in the 2nd 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 in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Barclays lifted their price target on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Piper Sandler increased their price objective on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods lifted their target price on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $24.33.

First Hawaiian Stock Down 0.2 %

First Hawaiian stock opened at $26.85 on Wednesday. First Hawaiian, Inc. has a 52 week low of $18.77 and a 52 week high of $28.38. The company’s 50 day moving average price is $24.32 and its two-hundred day moving average price is $22.95. The stock has a market cap of $3.43 billion, a P/E ratio of 15.38 and a beta of 0.96.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.26 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 3.87%. 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.