12,264 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Purchased by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,264 shares of the bank’s stock, valued at approximately $284,000.

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. raised its stake in First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the last quarter. Blue Trust Inc. lifted its position in shares of First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after acquiring an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Hawaiian in the 3rd quarter worth approximately $51,000. Abich Financial Wealth Management LLC grew its holdings in shares of First Hawaiian by 32.5% during the 2nd 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 in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of First Hawaiian by 49.1% during the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock valued at $73,000 after purchasing an additional 1,041 shares during the period. 97.63% of the stock is owned by institutional investors.

First Hawaiian Trading Down 0.7 %

NASDAQ FHB opened at $27.06 on Friday. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80. The company has a 50 day moving average of $25.95 and a 200-day moving average of $23.69. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 15.46 and a beta of 0.98.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 dividend on an annualized basis and a yield of 3.84%. First Hawaiian’s dividend payout ratio is 59.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. decreased their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Stephens initiated coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target for the company. Barclays raised their price target on shares of 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, Wells Fargo & Company upped their price objective on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, First Hawaiian has an average rating of “Hold” and an average 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.