First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,200 shares of the bank’s stock after selling 4,234 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of First Hawaiian worth $3,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CKW Financial Group increased its holdings in shares of First Hawaiian by 1.2% during the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock worth $846,000 after buying an additional 400 shares during the last quarter. M&T Bank Corp grew its position in First Hawaiian by 2.5% in the fourth quarter. M&T Bank Corp now owns 16,661 shares of the bank’s stock worth $432,000 after acquiring an additional 409 shares during the period. GAMMA Investing LLC increased its stake in First Hawaiian by 14.6% during 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 during the last quarter. Global Retirement Partners LLC raised its position in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of First Hawaiian by 49.2% in the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after purchasing an additional 904 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Up 1.9 %

Shares of FHB stock opened at $24.68 on Thursday. The firm has a 50 day moving average of $26.10 and a two-hundred day moving average of $25.68. The stock has a market capitalization of $3.11 billion, a PE ratio of 13.79, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period last year, the firm earned $0.37 earnings per share. Analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.21%. First Hawaiian’s payout ratio is 58.10%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Piper Sandler boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group upped their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.00.

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.