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

Harbor Capital Advisors Inc. cut its position in First Hawaiian, Inc. (NASDAQ:FHB) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 455,828 shares of the bank’s stock after selling 22,434 shares during the period. Harbor Capital Advisors Inc. owned 0.36% of First Hawaiian worth $11,829,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in First Hawaiian by 1.2% during the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock worth $15,897,000 after acquiring an additional 7,926 shares in the last quarter. Jane Street Group LLC increased its stake in First Hawaiian by 91.4% during the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after purchasing an additional 84,120 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in First Hawaiian by 9.9% during the 2nd 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 during the period. Y Intercept Hong Kong Ltd bought a new position in First Hawaiian in the third quarter valued at approximately $632,000. Finally, American Century Companies Inc. boosted 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 buying an additional 203,407 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

FHB has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their price target on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Barclays upped their price objective on First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price target on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.86.

First Hawaiian Stock Performance

Shares of FHB stock traded down $0.99 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 fifty-two week low of $19.48 and a fifty-two week high of $28.80. The stock’s 50 day moving average is $26.64 and its 200-day 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 given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio is currently 59.43%.

First Hawaiian Company 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.