Geode Capital Management LLC Buys 4,356 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Geode Capital Management LLC grew its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 0.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,127,405 shares of the bank’s stock after buying an additional 4,356 shares during the quarter. Geode Capital Management LLC’s holdings in First Hawaiian were worth $49,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in shares of First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after purchasing an additional 507 shares during the period. Blue Trust Inc. lifted its holdings in shares of First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Hawaiian during the third quarter worth $51,000. Quarry LP lifted its holdings in shares of First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of First Hawaiian by 32.5% during the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after purchasing an additional 644 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

FHB has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Stephens started coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Barclays boosted their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.86.

First Hawaiian Trading Up 0.9 %

Shares of NASDAQ FHB opened at $25.70 on Tuesday. The firm’s 50-day moving average price is $26.25 and its 200-day moving average price is $23.95. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80. The firm has a market capitalization of $3.29 billion, a P/E ratio of 14.69 and a beta of 0.98.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 4.05%. 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.