Quarry LP Purchases 2,039 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Quarry LP lifted its position in First Hawaiian, Inc. (NASDAQ:FHB) by 459.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,483 shares of the bank’s stock after buying an additional 2,039 shares during the period. Quarry LP’s holdings in First Hawaiian were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Raymond James & Associates boosted its position in First Hawaiian by 5.5% in the second quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock worth $22,420,000 after purchasing an additional 56,445 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of First Hawaiian by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after purchasing an additional 942,634 shares during the period. 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 worth $69,321,000 after buying an additional 203,407 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in First Hawaiian by 100.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank’s stock valued at $80,000 after buying an additional 1,943 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in First Hawaiian during the third quarter valued at approximately $3,736,000. Institutional investors own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FHB shares. JPMorgan Chase & Co. dropped their price target on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Finally, Stephens started coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.14.

First Hawaiian Stock Up 0.3 %

Shares of First Hawaiian stock opened at $27.39 on Tuesday. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The stock’s 50-day simple moving average is $25.57 and its 200-day simple moving average is $23.55. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.65 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. Shareholders of record on Monday, November 18th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 3.80%. First Hawaiian’s payout ratio is 59.43%.

About First Hawaiian

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.