First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. decreased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,000 shares of the bank's stock after selling 11,000 shares during the period. Olstein Capital Management L.P.'s holdings in First Hawaiian were worth $1,635,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of First Hawaiian by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank's stock valued at $15,897,000 after acquiring an additional 7,926 shares during the last quarter. Jane Street Group LLC raised its position in First Hawaiian by 91.4% during the third quarter. Jane Street Group LLC now owns 176,121 shares of the bank's stock valued at $4,077,000 after purchasing an additional 84,120 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of First Hawaiian in the 3rd quarter valued at approximately $632,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Hawaiian by 100.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank's stock worth $80,000 after purchasing an additional 1,943 shares during the period. Finally, FMR LLC increased its position in shares of First Hawaiian by 20.3% during the 3rd 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 last quarter. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stephens initiated coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 price objective for the company. The Goldman Sachs Group lifted their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a "sell" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods boosted their target price on First Hawaiian from $25.00 to $28.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price target on First Hawaiian from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Tuesday, December 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, First Hawaiian presently has an average rating of "Hold" and an average price target of $26.86.

First Hawaiian Stock Performance

First Hawaiian stock traded up $0.22 during mid-day trading on Friday, reaching $26.36. 453,676 shares of the company were exchanged, compared to its average volume of 593,897. The firm has a market cap of $3.37 billion, a P/E ratio of 15.06 and a beta of 0.99. The business has a fifty day moving average of $26.44 and a 200 day moving average of $24.89. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

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.