UMB Bank n.a. Sells 18,600 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

UMB Bank n.a. trimmed its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 66.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,592 shares of the bank’s stock after selling 18,600 shares during the quarter. UMB Bank n.a.’s holdings in First Hawaiian were worth $249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in First Hawaiian by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after purchasing an additional 942,634 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of First Hawaiian by 958.2% during the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after buying an additional 397,897 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in First Hawaiian by 96.8% in the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after buying an additional 235,253 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in First Hawaiian in the third quarter valued at about $3,736,000. Finally, FMR LLC grew its position in First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after acquiring an additional 154,136 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group increased their price target on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Barclays boosted their price objective on First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company increased their target price on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.86.

First Hawaiian Trading Down 0.6 %

Shares of FHB stock opened at $26.29 on Thursday. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 15.02 and a beta of 0.99. The stock has a 50-day moving average of $26.50 and a 200-day moving average of $24.80.

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.