2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company boosted its holdings in shares of First Hawaiian, Inc. ( NASDAQ:FHB – Free Report ) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 10,502,160 shares of the bank’s stock after purchasing an additional 942,634 shares during the quarter. The Manufacturers Life Insurance Company owned about 8.21% of First Hawaiian worth $218,025,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Whittier Trust Co. raised its holdings in shares of First Hawaiian by 68.
7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after buying an additional 507 shares during the period.
Treasurer of the State of North Carolina boosted its stake in shares of First Hawaiian by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 56,400 shares of the bank’s stock valued at $1,289,000 after purchasing an additional 550 shares during the period.
PNC Financial Services Group Inc. boosted its stake in shares of First Hawaiian by 8.4% during the fourth quarter.
PNC Financial Services Group Inc. now owns 7,135 shares of the bank’s stock valued at $163,000 after purchasing an additional 550 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in First Hawaiian by 32.
5% during the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock valued at $55,000 after buying an additional 644 shares during the period. Finally, Arizona State Retirement System raised its stake in First Hawaiian by 1.
9% in the second quarter. Arizona State Retirement System now owns 35,729 shares of the bank’s stock worth $742,000 after buying an additional 658 shares in the last quarter. Institutional investors own 97.
63% of the company’s stock. First Hawaiian Price Performance Shares of NASDAQ FHB opened at $23.12 on Friday.
The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 13.29 and a beta of 0.
98. The firm’s 50 day simple moving average is $23.78 and its 200-day simple moving average is $22.
08. First Hawaiian, Inc. has a 12 month low of $17.
18 and a 12 month high of $26.18. First Hawaiian Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th.
Shareholders of record on Monday, August 19th were given a dividend of $0.26 per share. This represents a $1.
04 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Monday, August 19th.
First Hawaiian’s dividend payout ratio is presently 59.77%. Analyst Ratings Changes A number of research analysts have recently issued reports on the company.
Wells Fargo & Company lifted their price target on First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, July 29th.
Barclays lifted their target price on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th.
JPMorgan Chase & Co. lowered shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company.
in a research report on Monday, July 29th. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $21.00 to $24.
00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Finally, Piper Sandler increased their target price on shares of First Hawaiian from $22.00 to $27.
00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.
com, First Hawaiian currently has an average rating of “Reduce” and an average price target of $24.67. View Our Latest Research Report on FHB About First Hawaiian ( Free Report ) 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. Read More Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Hawaiian, Inc. ( NASDAQ:FHB – Free Report ). Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.
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