Harbor Capital Advisors Inc. Sells 22,434 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Harbor Capital Advisors Inc. lowered its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 455,828 shares of the bank’s stock after selling 22,434 shares during the period. Harbor Capital Advisors Inc.’s holdings in First Hawaiian were worth $11,829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of First Hawaiian by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after acquiring an additional 122,599 shares during the last quarter. Dimensional Fund Advisors LP raised 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 worth $108,057,000 after purchasing an additional 370,722 shares during the last quarter. American Century Companies Inc. lifted its position in shares of First Hawaiian by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after purchasing an additional 203,407 shares during the period. Reinhart Partners LLC. boosted its stake in shares of First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock valued at $56,980,000 after purchasing an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in First Hawaiian by 7.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after buying an additional 139,291 shares during the period. Institutional investors own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FHB. The Goldman Sachs Group increased their price target on 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 First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price for the company. Wells Fargo & Company increased their price target on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, First Hawaiian presently has an average rating of “Hold” and an average price target of $26.86.

First Hawaiian Trading Down 3.9 %

NASDAQ FHB traded down $0.99 during trading hours on Friday, hitting $24.08. The company’s stock had a trading volume of 139,391 shares, compared to its average volume of 562,643. The company has a market capitalization of $3.08 billion, a PE ratio of 13.76 and a beta of 0.99. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The company’s 50-day simple moving average is $26.64 and its two-hundred day simple moving average is $24.45.

First Hawaiian Announces Dividend

The business 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 of this dividend was Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 4.32%. First Hawaiian’s dividend payout ratio (DPR) is currently 59.43%.

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.