First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Barclays PLC

Barclays PLC lowered its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 42.5% in the third quarter, Holdings Channel.com reports. The fund owned 104,151 shares of the bank’s stock after selling 76,860 shares during the quarter. Barclays PLC’s holdings in First Hawaiian were worth $2,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of First Hawaiian by 9.9% in 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 in the last quarter. AQR Capital Management LLC lifted its stake in First Hawaiian by 958.2% in the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after purchasing an additional 397,897 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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. Harbor Capital Advisors Inc. grew its position in shares of First Hawaiian by 96.8% in the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after purchasing an additional 235,253 shares in the last quarter. 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. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

FHB has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their price target 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, Barclays lifted their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.86.

First Hawaiian Stock Performance

First Hawaiian stock opened at $26.03 on Thursday. The company’s 50 day simple moving average is $26.33 and its 200-day simple moving average is $24.03. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.87 and a beta of 0.98.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Monday, November 18th. First Hawaiian’s payout ratio is 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.