First Hawaiian, Inc. (NASDAQ:FHB) Short Interest Update

First Hawaiian, Inc. (NASDAQ:FHB) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 4,450,000 shares, a decrease of 6.9% from the December 15th total of 4,780,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 677,400 shares, the days-to-cover ratio is presently 6.6 days.

Analysts Set New Price Targets

A number of research firms recently weighed in on FHB. Wells Fargo & Company boosted their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Barclays increased their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. The Goldman Sachs Group boosted their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Stephens assumed coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price target on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of First Hawaiian by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after buying an additional 122,599 shares during the period. Dimensional Fund Advisors LP lifted its stake in First Hawaiian by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after acquiring an additional 370,722 shares during the period. Reinhart Partners LLC. grew its holdings in First Hawaiian by 6.1% during the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after acquiring an additional 141,327 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in First Hawaiian by 7.2% during 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 purchasing an additional 139,291 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of First Hawaiian by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,154 shares of the bank’s stock valued at $38,456,000 after purchasing an additional 11,543 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Up 0.8 %

Shares of NASDAQ FHB traded up $0.20 during midday trading on Monday, hitting $26.09. The company’s stock had a trading volume of 445,437 shares, compared to its average volume of 666,364. First Hawaiian has a 12-month low of $19.48 and a 12-month high of $28.80. The firm has a market cap of $3.34 billion, a P/E ratio of 14.91 and a beta of 0.99. The business’s 50 day moving average is $26.56 and its two-hundred day moving average is $24.72.

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. This represents a $1.04 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio is presently 59.43%.

About First Hawaiian

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.