Wellington Management Group LLP Purchases 7,926 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Wellington Management Group LLP increased its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 686,701 shares of the bank’s stock after purchasing an additional 7,926 shares during the period. Wellington Management Group LLP owned approximately 0.54% of First Hawaiian worth $15,897,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in First Hawaiian by 5.4% during the third quarter. Quantinno Capital Management LP now owns 68,423 shares of the bank’s stock worth $1,584,000 after acquiring an additional 3,523 shares during the last quarter. Quarry LP increased its position in shares of First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after purchasing an additional 2,039 shares during the last quarter. Edgestream Partners L.P. bought a new stake in First Hawaiian in the third quarter worth $1,641,000. Verition Fund Management LLC purchased a new position in First Hawaiian during the third quarter worth $284,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in First Hawaiian by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,087 shares of the bank’s stock worth $7,665,000 after buying an additional 3,682 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Down 0.7 %

FHB opened at $27.06 on Friday. The stock’s fifty day moving average is $25.95 and its two-hundred day moving average is $23.69. The company has a market capitalization of $3.46 billion, a P/E ratio of 15.46 and a beta of 0.98. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.84%. First Hawaiian’s payout ratio is currently 59.43%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FHB. Keefe, Bruyette & Woods raised their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. cut their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Barclays raised their price target on First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Stephens assumed coverage on First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.14.

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.