Hotchkis & Wiley Capital Management LLC Sells 66,470 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Hotchkis & Wiley Capital Management LLC cut its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,422,311 shares of the bank’s stock after selling 66,470 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 2.68% of First Hawaiian worth $79,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Edgestream Partners L.P. bought a new position in First Hawaiian in the 3rd quarter worth about $1,641,000. Verition Fund Management LLC purchased a new position in shares of First Hawaiian during the third quarter valued at about $284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Hawaiian by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,087 shares of the bank’s stock worth $7,665,000 after acquiring an additional 3,682 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of First Hawaiian by 78.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock worth $610,000 after acquiring an additional 11,604 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of 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 purchasing an additional 154,136 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. reduced their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Stephens began coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, Wells Fargo & Company increased 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. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.43.

First Hawaiian Trading Down 0.8 %

First Hawaiian stock opened at $27.40 on Tuesday. The stock has a 50 day moving average of $25.14 and a two-hundred day moving average of $23.34. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.66 and a beta of 0.98. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

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.