First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,507 shares of the bank’s stock after selling 3,172 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Hawaiian were worth $2,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew 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 purchasing an additional 942,634 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of First Hawaiian by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock valued at $108,057,000 after purchasing an additional 370,722 shares during the period. American Century Companies Inc. grew its stake in First Hawaiian by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after buying an additional 203,407 shares during the last quarter. Reinhart Partners LLC. increased its position in 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 buying an additional 141,327 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in First Hawaiian by 7.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after buying an additional 139,291 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Performance

Shares of First Hawaiian stock opened at $27.68 on Wednesday. First Hawaiian, Inc. has a one year low of $18.77 and a one year high of $28.80. The company has a market cap of $3.54 billion, a P/E ratio of 15.82 and a beta of 0.96. The firm has a fifty day moving average of $24.84 and a two-hundred day moving average of $23.19.

First Hawaiian Announces Dividend

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 issued a dividend of $0.26 per share. The ex-dividend date is Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 3.76%. First Hawaiian’s dividend payout ratio is currently 59.43%.

Analyst Ratings Changes

FHB has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, First Hawaiian presently has a consensus rating of “Reduce” and an average price target of $24.67.

About First Hawaiian

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.