Credit Suisse AG grew its stake in First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,317 shares of the bank’s stock after purchasing an additional 2,046 shares during the period. Credit Suisse AG’s holdings in First Hawaiian were worth $2,939,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. CWM LLC lifted its stake in shares of First Hawaiian by 355.2% in the 3rd quarter. CWM LLC now owns 1,006 shares of the bank’s stock valued at $25,000 after purchasing an additional 785 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of First Hawaiian in the second quarter worth approximately $36,000. Wipfli Financial Advisors LLC purchased a new stake in shares of First Hawaiian in the third quarter worth approximately $47,000. EverSource Wealth Advisors LLC raised its holdings in shares of First Hawaiian by 847.2% in the third quarter. EverSource Wealth Advisors LLC now owns 2,008 shares of the bank’s stock worth $49,000 after buying an additional 1,796 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of First Hawaiian in the second quarter worth approximately $50,000. 97.77% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on FHB shares. Wells Fargo & Company increased their price target on First Hawaiian from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, January 30th. StockNews.com downgraded First Hawaiian from a “hold” rating to a “sell” rating in a report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. upgraded First Hawaiian from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a report on Tuesday, December 13th.
First Hawaiian Stock Up 1.5 %
First Hawaiian Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 3rd. Shareholders of record on Friday, February 17th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, February 16th. This represents a $1.04 annualized dividend and a yield of 3.89%. First Hawaiian’s payout ratio is currently 50.24%.
First Hawaiian Company Profile
First Hawaiian, Inc is a bank holding company engaged in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary, First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.
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