20,246 First Hawaiian, Inc. $FHB Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in First Hawaiian, Inc. (NASDAQ:FHB) by 44.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,350 shares of the bank’s stock after selling 20,246 shares during the quarter. State of Alaska Department of Revenue’s holdings in First Hawaiian were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of First Hawaiian during the 2nd quarter valued at $483,971,000. Dimensional Fund Advisors LP increased its holdings in First Hawaiian by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,693,630 shares of the bank’s stock worth $164,927,000 after acquiring an additional 313,362 shares during the last quarter. Reinhart Partners LLC. increased its holdings in First Hawaiian by 0.7% in the 2nd quarter. Reinhart Partners LLC. now owns 2,660,876 shares of the bank’s stock worth $77,964,000 after acquiring an additional 18,977 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in First Hawaiian in the 2nd quarter valued at about $62,568,000. Finally, Bank of America Corp DE bought a new stake in First Hawaiian in the 2nd quarter valued at about $53,105,000. 97.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FHB shares. Wells Fargo & Company dropped their price objective on shares of First Hawaiian from $28.00 to $26.00 and set an “underweight” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Hawaiian in a research report on Friday, October 2nd. Zacks Research downgraded shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised shares of First Hawaiian from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $29.00 in a research report on Thursday, October 1st. Finally, Benchmark reissued a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $29.00.

First Hawaiian Price Performance

First Hawaiian stock opened at $25.34 on Friday. First Hawaiian, Inc. has a one year low of $23.26 and a one year high of $30.58. The business has a fifty day moving average price of $25.51 and a 200-day moving average price of $26.98. The firm has a market capitalization of $3.08 billion, a P/E ratio of 11.02, a PEG ratio of 1.35 and a beta of 0.76.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, October 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The company had revenue of $230.23 million for the quarter, compared to the consensus estimate of $229.20 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Sell-side analysts expect that First Hawaiian, Inc. will post 2.39 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, November 16th. First Hawaiian’s payout ratio is presently 45.22%.

More First Hawaiian News

Here are the key news stories impacting First Hawaiian this week:

• Positive Sentiment: Third-quarter revenue reached $230.23 million, topping analyst expectations of $229.20 million. The result indicates that the bank’s underlying revenue generation remained resilient. Earnings Flash: First Hawaiian Reports Third-Quarter Revenue
• Positive Sentiment: Management declared a dividend alongside the third-quarter results, supporting the stock’s income appeal. First Hawaiian’s return on equity was 10.27%, while its net margin was 24.41%. First Hawaiian Reports Third-Quarter Results and Declares Dividend
• Positive Sentiment: An analyst review characterized Hawaii’s island economy as robust, providing a relatively supportive backdrop for First Hawaiian’s lending and banking operations. First Hawaiian Bank: Island Economy Remains Robust
• Neutral Sentiment: The third-quarter earnings call and related transcripts provide additional management commentary on credit quality, loan trends, expenses and outlook, but the supplied reports do not identify a specific new catalyst from the discussion. First Hawaiian Q3 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings were $0.52 per share, missing the roughly $0.59–$0.60 consensus estimate by $0.07–$0.08. EPS also declined from $0.59 in the year-earlier quarter, making the earnings shortfall the primary reason for the negative stock reaction. First Hawaiian Lags Third-Quarter Earnings Estimates

First Hawaiian Company Profile

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.