First Hawaiian, Inc. (NASDAQ:FHB) Short Interest Up 12.3% in November

First Hawaiian, Inc. (NASDAQ:FHB) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 4,560,000 shares, an increase of 12.3% from the October 31st total of 4,060,000 shares. Based on an average trading volume of 594,700 shares, the short-interest ratio is presently 7.7 days. Approximately 3.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FHB shares. JPMorgan Chase & Co. cut their price target on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company raised their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday. Stephens started coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating and four have assigned 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 $25.57.

First Hawaiian Price Performance

Shares of NASDAQ:FHB traded down $0.34 during midday trading on Tuesday, reaching $27.06. 588,622 shares of the company’s stock were exchanged, compared to its average volume of 652,556. The firm’s 50 day simple moving average is $25.22 and its two-hundred day simple moving average is $23.37. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 15.46 and a beta of 0.98.

First Hawaiian Dividend Announcement

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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

Hedge Funds Weigh In On First Hawaiian

Several large investors have recently made changes to their positions in FHB. Price T Rowe Associates Inc. MD grew its position in First Hawaiian by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,978 shares of the bank’s stock valued at $1,449,000 after acquiring an additional 3,989 shares in the last quarter. 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. Versant Capital Management Inc lifted its holdings in First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after buying an additional 678 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in First Hawaiian by 187.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 243,009 shares of the bank’s stock valued at $5,045,000 after buying an additional 158,327 shares during the period. Finally, CWM LLC grew its stake in shares of First Hawaiian by 1,109.7% in the second quarter. CWM LLC now owns 10,851 shares of the bank’s stock worth $225,000 after acquiring an additional 9,954 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

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.