UMB Bank n.a. Has $249,000 Stake in First Hawaiian, Inc. (NASDAQ:FHB)

UMB Bank n.a. reduced its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 66.0% in the fourth quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after acquiring an additional 461 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Hawaiian by 5.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock worth $237,000 after purchasing an additional 488 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in First Hawaiian by 5.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock valued at $262,000 after purchasing an additional 569 shares during the period. Blue Trust Inc. increased its stake in First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in First Hawaiian by 32.5% during the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after buying an additional 644 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Trading Down 0.6 %

FHB stock opened at $26.29 on Thursday. The stock has a market cap of $3.36 billion, a P/E ratio of 15.02 and a beta of 0.99. The stock’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $24.80. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

Analysts Set New Price Targets

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

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.