Thrivent Financial for Lutherans Trims Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Thrivent Financial for Lutherans reduced its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,507 shares of the bank’s stock after selling 3,172 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of First Hawaiian worth $2,535,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. grew its position in First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after acquiring an additional 507 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares during the period. Versant Capital Management Inc boosted its stake in shares of First Hawaiian by 55.7% in 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 period. Abich Financial Wealth Management LLC grew its holdings in shares of First Hawaiian by 48.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after purchasing an additional 652 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in First Hawaiian by 50.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock worth $44,000 after buying an additional 710 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

FHB has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, First Hawaiian presently has an average rating of “Reduce” and an average target price of $24.67.

First Hawaiian Price Performance

NASDAQ:FHB opened at $27.68 on Wednesday. First Hawaiian, Inc. has a 12 month low of $18.77 and a 12 month high of $28.80. The firm has a market capitalization of $3.54 billion, a PE ratio of 15.82 and a beta of 0.96. The business’s fifty day moving average price is $24.84 and its 200 day moving average price is $23.19.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

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.