First Hawaiian, Inc. (NASDAQ:FHB) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 524,555 shares of the bank's stock after purchasing an additional 68,727 shares during the quarter. First Hawaiian accounts for about 0.6% of Harbor Capital Advisors Inc.'s holdings, making the stock its 29th biggest position. Harbor Capital Advisors Inc. owned approximately 0.42% of First Hawaiian worth $12,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of First Hawaiian by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,664,425 shares of the bank's stock valued at $146,992,000 after purchasing an additional 186,993 shares in the last quarter. Alliancebernstein L.P. grew its position in First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock worth $136,087,000 after buying an additional 864,420 shares during the period. Reinhart Partners LLC. increased its holdings in First Hawaiian by 15.1% in the first quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank's stock valued at $56,845,000 after buying an additional 305,439 shares in the last quarter. Northern Trust Corp increased its holdings in First Hawaiian by 10.7% in the fourth quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock valued at $56,779,000 after buying an additional 211,399 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of First Hawaiian by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock valued at $43,361,000 after acquiring an additional 9,775 shares during the period. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Stock Performance

FHB stock traded up $0.21 on Tuesday, reaching $24.38. The company had a trading volume of 571,161 shares, compared to its average volume of 733,508. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The company has a market cap of $3.07 billion, a P/E ratio of 13.62, a PEG ratio of 3.28 and a beta of 0.83. The company's fifty day moving average is $23.16 and its 200 day moving average is $25.15.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. On average, sell-side analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.27%. First Hawaiian's dividend payout ratio is currently 56.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FHB. Keefe, Bruyette & Woods decreased their price target on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Barclays lowered their target price on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, First Hawaiian has an average rating of "Hold" and a consensus price target of $27.29.

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.