Profund Advisors LLC grew its holdings in First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 38.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,916 shares of the bank's stock after buying an additional 3,884 shares during the period. Profund Advisors LLC's holdings in First Hawaiian were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of First Hawaiian by 70.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,206,468 shares of the bank's stock worth $224,284,000 after buying an additional 3,403,610 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of First Hawaiian by 6.4% in the 4th quarter. Alliancebernstein L.P. now owns 3,534,775 shares of the bank's stock worth $96,605,000 after buying an additional 211,261 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Hawaiian by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,403,457 shares of the bank's stock worth $65,685,000 after purchasing an additional 92,627 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of First Hawaiian by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,242,717 shares of the bank's stock worth $61,293,000 after purchasing an additional 51,831 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of First Hawaiian by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,698,374 shares of the bank's stock worth $46,416,000 after purchasing an additional 62,921 shares during the period.
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First Hawaiian Price Performance
First Hawaiian stock opened at $26.91 on Friday. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 14.55 and a beta of 1.15. First Hawaiian, Inc. has a 1 year low of $21.21 and a 1 year high of $31.16. The firm has a 50-day moving average of $24.36 and a two-hundred day moving average of $25.98.
First Hawaiian Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $1.04 annualized dividend and a dividend yield of 3.86%. First Hawaiian's dividend payout ratio is currently 56.22%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of First Hawaiian from a "sell" rating to a "hold" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, First Hawaiian currently has an average rating of "Hold" and an average price target of $30.50.
First Hawaiian Company Profile
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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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