Russell Investments Group Ltd. increased its stake in First Hawaiian Inc (NASDAQ:FHB) by 48.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 689,868 shares of the bank’s stock after buying an additional 223,857 shares during the period. Russell Investments Group Ltd. owned 0.51% of First Hawaiian worth $18,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FHB. Dimensional Fund Advisors LP purchased a new stake in First Hawaiian during the first quarter valued at about $7,327,000. Legal & General Group Plc lifted its stake in First Hawaiian by 127.1% during the first quarter. Legal & General Group Plc now owns 28,400 shares of the bank’s stock valued at $791,000 after buying an additional 15,894 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in First Hawaiian during the first quarter valued at about $215,000. State of Alaska Department of Revenue lifted its stake in First Hawaiian by 60.2% during the second quarter. State of Alaska Department of Revenue now owns 7,530 shares of the bank’s stock valued at $218,000 after buying an additional 2,830 shares in the last quarter. Finally, Copper Rock Capital Partners LLC purchased a new stake in First Hawaiian during the second quarter valued at about $20,962,000. Institutional investors own 51.39% of the company’s stock.

NASDAQ FHB opened at $25.37 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.38 billion, a PE ratio of 12.99, a P/E/G ratio of 1.79 and a beta of 0.74. First Hawaiian Inc has a 52-week low of $22.91 and a 52-week high of $32.36.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, October 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $188.66 million during the quarter, compared to analyst estimates of $193.89 million. First Hawaiian had a net margin of 26.14% and a return on equity of 10.79%. Sell-side analysts predict that First Hawaiian Inc will post 2.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 23rd. First Hawaiian’s dividend payout ratio (DPR) is 58.18%.

A number of analysts have commented on the stock. BidaskClub raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Citigroup reduced their price objective on shares of First Hawaiian from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, October 29th. Zacks Investment Research lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Wells Fargo & Co set a $29.00 price objective on shares of First Hawaiian and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, ValuEngine lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.44.

In other news, Director Paribas Bnp sold 20,000,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $28.70, for a total value of $574,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

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First Hawaiian Profile

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 Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

Further Reading: Institutional Investors

Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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