Pathstone Holdings LLC Has $3.02 Million Position in First Hawaiian, Inc. (NASDAQ:FHB)

Pathstone Holdings LLC grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,517 shares of the bank’s stock after acquiring an additional 14,057 shares during the period. Pathstone Holdings LLC owned about 0.10% of First Hawaiian worth $3,021,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FHB. The Manufacturers Life Insurance Company increased its position in 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 buying an additional 942,634 shares during the last quarter. AQR Capital Management LLC lifted its holdings in First Hawaiian by 958.2% during the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock valued at $9,043,000 after purchasing an additional 397,897 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in First Hawaiian by 7.7% during 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 last quarter. Harbor Capital Advisors Inc. boosted its position in First Hawaiian by 96.8% during the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after purchasing an additional 235,253 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of First Hawaiian by 6.5% in the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock valued at $69,321,000 after purchasing an additional 203,407 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Up 2.2 %

FHB stock opened at $27.90 on Monday. The company’s 50-day moving average price is $24.66 and its two-hundred day moving average price is $23.10. First Hawaiian, Inc. has a 12 month low of $18.77 and a 12 month high of $28.38. The firm has a market cap of $3.57 billion, a P/E ratio of 15.94 and a beta of 0.96.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s payout ratio is presently 59.43%.

Wall Street Analysts Forecast Growth

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

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.