Public Sector Pension Investment Board Has $6.28 Million Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Public Sector Pension Investment Board trimmed its position in First Hawaiian, Inc. (NASDAQ:FHB) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,332 shares of the bank’s stock after selling 9,900 shares during the period. Public Sector Pension Investment Board’s holdings in First Hawaiian were worth $6,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of First Hawaiian by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after acquiring an additional 122,599 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock valued at $108,057,000 after purchasing an additional 370,722 shares in the last quarter. American Century Companies Inc. lifted its stake 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 valued at $69,321,000 after buying an additional 203,407 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of First Hawaiian by 6.1% during the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock valued at $56,980,000 after buying an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in First Hawaiian by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after acquiring an additional 139,291 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Performance

Shares of NASDAQ:FHB opened at $27.61 on Friday. The company has a market capitalization of $3.53 billion, a P/E ratio of 15.78 and a beta of 0.96. The company’s 50-day moving average is $25.06 and its 200 day moving average is $23.29. First Hawaiian, Inc. has a fifty-two week low of $19.43 and a fifty-two week high of $28.80.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.77%. First Hawaiian’s payout ratio is currently 59.43%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. dropped their price objective on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Stephens initiated coverage on shares of First Hawaiian in a research note on Wednesday. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, Wells Fargo & Company raised their price target on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, First Hawaiian currently has an average rating of “Hold” and an average target price of $25.43.

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.