Russell Investments Group Ltd. grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 9.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,247 shares of the bank's stock after buying an additional 1,030 shares during the quarter. Russell Investments Group Ltd.'s holdings in First Hawaiian were worth $341,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of FHB. Point72 Hong Kong Ltd purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $39,000. Pinebridge Investments L.P. purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $41,000. Covestor Ltd purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $42,000. MUFG Americas Holdings Corp boosted its holdings in shares of First Hawaiian by 164.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,034 shares of the bank's stock valued at $56,000 after purchasing an additional 1,265 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in First Hawaiian by 155.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,999 shares of the bank's stock worth $82,000 after buying an additional 1,823 shares during the period.
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First Hawaiian Stock Up 0.2 %
First Hawaiian stock opened at $26.44 on Wednesday. The business has a fifty day moving average of $24.19 and a two-hundred day moving average of $25.97. The firm has a market cap of $3.38 billion, a P/E ratio of 14.29 and a beta of 1.15. First Hawaiian, Inc. has a twelve month low of $21.21 and a twelve month high of $31.16.
First Hawaiian Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, August 19th. This represents a $1.04 annualized dividend and a dividend yield of 3.93%. First Hawaiian's dividend payout ratio is presently 56.22%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered First Hawaiian from a "hold" rating to a "sell" rating in a report on Monday, May 23rd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat, First Hawaiian has an average rating of "Hold" and a consensus price target of $30.50.
About First Hawaiian
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First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.
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