First Hawaiian, Inc. (NASDAQ:FHB) Stake Lessened by PDT Partners LLC

PDT Partners LLC decreased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 76.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,320 shares of the bank’s stock after selling 93,498 shares during the period. PDT Partners LLC’s holdings in First Hawaiian were worth $656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in First Hawaiian by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,978 shares of the bank’s stock valued at $1,449,000 after acquiring an additional 3,989 shares during the last quarter. GAMMA Investing LLC lifted its stake in First Hawaiian by 50.3% during the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after purchasing an additional 710 shares during the last quarter. Versant Capital Management Inc lifted its stake in First Hawaiian by 55.7% during the second quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after purchasing an additional 678 shares during the last quarter. CWM LLC boosted its holdings in First Hawaiian by 1,109.7% during the second quarter. CWM LLC now owns 10,851 shares of the bank’s stock worth $225,000 after buying an additional 9,954 shares in the last quarter. Finally, Olstein Capital Management L.P. grew its position in First Hawaiian by 2.0% in the second quarter. Olstein Capital Management L.P. now owns 100,000 shares of the bank’s stock worth $2,076,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Price Performance

NASDAQ FHB opened at $27.40 on Tuesday. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.66 and a beta of 0.96. The company has a 50 day simple moving average of $25.14 and a 200-day simple moving average of $23.34. First Hawaiian, Inc. has a 52-week low of $19.48 and a 52-week high of $28.80.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a yield of 3.80%. First Hawaiian’s dividend payout ratio is currently 59.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FHB shares. Wells Fargo & Company boosted their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Stephens started coverage on First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.