Natixis Advisors LLC Increases Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Natixis Advisors LLC grew its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,304 shares of the bank’s stock after buying an additional 1,196 shares during the quarter. Natixis Advisors LLC’s holdings in First Hawaiian were worth $447,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FHB. OneDigital Investment Advisors LLC raised its holdings in First Hawaiian by 2.2% during the third quarter. OneDigital Investment Advisors LLC now owns 30,615 shares of the bank’s stock worth $709,000 after purchasing an additional 667 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of First Hawaiian by 5.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock valued at $262,000 after purchasing an additional 569 shares during the period. Los Angeles Capital Management LLC grew its position in shares of First Hawaiian by 398.8% in the third quarter. Los Angeles Capital Management LLC now owns 95,944 shares of the bank’s stock valued at $2,221,000 after purchasing an additional 76,710 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in First Hawaiian during the third quarter valued at about $200,000. Finally, Atria Investments Inc grew its position in First Hawaiian by 9.2% during the third quarter. Atria Investments Inc now owns 35,769 shares of the bank’s stock valued at $828,000 after acquiring an additional 3,000 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FHB has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday. Stephens initiated coverage on First Hawaiian in a research note on Wednesday. They set an “equal weight” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price objective on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, First Hawaiian currently has a consensus rating of “Hold” and a consensus price target of $25.43.

First Hawaiian Trading Down 0.3 %

Shares of NASDAQ FHB opened at $27.60 on Friday. The firm has a market cap of $3.53 billion, a PE ratio of 15.77 and a beta of 0.96. First Hawaiian, Inc. has a 1-year low of $18.85 and a 1-year high of $28.80. The company has a fifty day moving average price of $24.99 and a 200 day moving average price of $23.25.

First Hawaiian Dividend Announcement

The business also recently announced 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. This represents a $1.04 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s payout ratio is 59.43%.

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.