Teacher Retirement System of Texas lifted its position in First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 7.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,699 shares of the bank's stock after acquiring an additional 1,768 shares during the quarter. Teacher Retirement System of Texas' holdings in First Hawaiian were worth $745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of First Hawaiian during the fourth quarter worth approximately $39,000. Pinebridge Investments L.P. purchased a new position in shares of First Hawaiian during the 4th quarter valued at $41,000. Covestor Ltd acquired a new position in shares of First Hawaiian in the fourth quarter worth $42,000. Quadrant Capital Group LLC raised its holdings in shares of First Hawaiian by 176.0% during the first quarter. Quadrant Capital Group LLC now owns 1,681 shares of the bank's stock worth $47,000 after acquiring an additional 1,072 shares in the last quarter. Finally, MUFG Americas Holdings Corp boosted its position in First Hawaiian by 164.5% during 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 last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FHB. Keefe, Bruyette & Woods lowered First Hawaiian from an "outperform" rating to a "market perform" rating and set a $34.00 price target for the company. in a report on Sunday, April 24th. StockNews.com lowered shares of First Hawaiian from a "hold" rating to a "sell" rating in a research note on Monday, May 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of First Hawaiian from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $30.50.

First Hawaiian Trading Down 1.1 %

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 paid a $0.26 dividend. The ex-dividend date is Friday, August 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.86%. First Hawaiian's payout ratio is presently 56.22%.

First Hawaiian Profile

(Get Rating)

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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