First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 29.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,091 shares of the bank’s stock after selling 16,967 shares during the period. Amalgamated Bank’s holdings in First Hawaiian were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FHB. Harbor Capital Advisors Inc. increased its position in shares of First Hawaiian by 96.8% during the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after acquiring an additional 235,253 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of First Hawaiian by 58.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,020 shares of the bank’s stock valued at $163,000 after buying an additional 2,600 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Hawaiian by 5.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock valued at $237,000 after buying an additional 488 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of First Hawaiian by 3,218.7% during the third quarter. International Assets Investment Management LLC now owns 31,229 shares of the bank’s stock worth $7,230,000 after buying an additional 30,288 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in First Hawaiian in the third quarter valued at $51,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

First Hawaiian stock opened at $27.24 on Friday. First Hawaiian, Inc. has a 12-month low of $18.77 and a 12-month high of $28.38. The stock has a market capitalization of $3.48 billion, a PE ratio of 15.57 and a beta of 0.96. The firm has a 50 day simple moving average of $24.09 and a 200-day simple moving average of $22.83.

First Hawaiian Dividend Announcement

The company also recently declared 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 3.82%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FHB. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. The Goldman Sachs Group increased their target price on First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Piper Sandler increased their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, First Hawaiian presently has an average rating of “Reduce” and a consensus target price of $24.33.

First Hawaiian Company 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.