Charles Schwab Investment Management Inc. Purchases 11,543 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Charles Schwab Investment Management Inc. increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,661,154 shares of the bank’s stock after acquiring an additional 11,543 shares during the period. Charles Schwab Investment Management Inc.’s holdings in First Hawaiian were worth $38,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in First Hawaiian by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,978 shares of the bank’s stock valued at $1,449,000 after purchasing an additional 3,989 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of First Hawaiian by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after purchasing an additional 710 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of First Hawaiian by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after purchasing an additional 678 shares during the period. CWM LLC lifted its stake in First Hawaiian by 1,109.7% in the second quarter. CWM LLC now owns 10,851 shares of the bank’s stock valued at $225,000 after buying an additional 9,954 shares during the period. Finally, Olstein Capital Management L.P. grew its position in shares of First Hawaiian by 2.0% during the 2nd quarter. Olstein Capital Management L.P. now owns 100,000 shares of the bank’s stock worth $2,076,000 after buying an additional 2,000 shares during the period. 97.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on FHB. The Goldman Sachs Group raised their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Stephens began coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Wells Fargo & Company upped their price target on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, First Hawaiian presently has a consensus rating of “Hold” and a consensus target price of $25.43.

First Hawaiian Stock Down 0.8 %

FHB stock opened at $27.40 on Tuesday. The firm has a market cap of $3.50 billion, a PE ratio of 15.66 and a beta of 0.96. The business has a 50 day moving average of $25.14 and a 200-day moving average of $23.34. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

First Hawaiian Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Monday, November 18th. First Hawaiian’s dividend payout ratio is presently 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.