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

Hotchkis & Wiley Capital Management LLC reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,422,311 shares of the bank's stock after selling 66,470 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 2.68% of First Hawaiian worth $79,226,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FHB. Whittier Trust Co. boosted its position in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank's stock worth $26,000 after buying an additional 507 shares in the last quarter. Versant Capital Management Inc lifted its holdings in First Hawaiian by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank's stock valued at $39,000 after purchasing an additional 678 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 625 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of First Hawaiian by 50.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank's stock valued at $44,000 after acquiring an additional 710 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in First Hawaiian during the 3rd quarter worth approximately $51,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of First Hawaiian from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Tuesday. Stephens assumed 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 for the company. Finally, The Goldman Sachs Group raised their price target 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 given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.57.

First Hawaiian Stock Performance

FHB traded down $0.34 during trading on Tuesday, reaching $27.06. The company had a trading volume of 588,622 shares, compared to its average volume of 652,556. The firm's 50-day simple moving average is $25.14 and its 200 day simple moving average is $23.34. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 15.46 and a beta of 0.98. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 3.84%. First Hawaiian's dividend payout ratio (DPR) is presently 59.43%.

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.