First Hawaiian Inc (NYSE:FHB) Director Allen Bruce Uyeda purchased 2,000 shares of First Hawaiian stock in a transaction that occurred on Friday, November 18th. The shares were acquired at an average price of $29.76 per share, for a total transaction of $59,520.00. Following the acquisition, the director now owns 3,993 shares in the company, valued at $118,831.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of First Hawaiian Inc (NYSE:FHB) opened at 30.96 on Wednesday. The firm’s 50-day moving average price is $27.51 and its 200 day moving average price is $26.83. First Hawaiian Inc has a 52-week low of $23.00 and a 52-week high of $31.45. The company has a market capitalization of $4.32 billion and a PE ratio of 19.36.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Wednesday, November 23rd.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors acquired a new position in shares of First Hawaiian during the third quarter worth approximately $59,987,000. Price T Rowe Associates Inc. MD acquired a new position in shares of First Hawaiian during the third quarter worth approximately $54,013,000. JPMorgan Chase & Co. acquired a new position in shares of First Hawaiian during the third quarter worth approximately $39,070,000. Governors Lane LP acquired a new position in shares of First Hawaiian during the third quarter worth approximately $33,733,000. Finally, Victory Capital Management Inc. acquired a new position in shares of First Hawaiian during the third quarter worth approximately $32,727,000.

A number of research analysts recently issued reports on the company. Wells Fargo & Co. assumed coverage on First Hawaiian in a report on Monday, August 29th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods assumed coverage on First Hawaiian in a report on Monday, August 29th. They set a “market perform” rating and a $27.00 price target on the stock. Zacks Investment Research downgraded First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th. Goldman Sachs Group Inc. assumed coverage on First Hawaiian in a report on Monday, August 29th. They set a “neutral” rating and a $27.00 price target on the stock. Finally, Barclays PLC assumed coverage on First Hawaiian in a report on Monday, August 29th. They set an “overweight” rating and a $29.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.94.

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About First Hawaiian

First Hawaiian, Inc is a bank holding company. The Company’s subsidiary, First Hawaiian Bank, is a financial institution. The Company’s Retail Banking segment serves retail customers and small businesses and offers a range of products and services that include deposit products, mortgage and home equity lending, auto financing, business loans and wealth management services.

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