Olstein Capital Management L.P. Has $1.71 Million Position in First Hawaiian, Inc. (NASDAQ:FHB)

Olstein Capital Management L.P. decreased its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 26.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 74,000 shares of the bank’s stock after selling 26,000 shares during the period. Olstein Capital Management L.P.’s holdings in First Hawaiian were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in First Hawaiian in the first quarter valued at $260,000. Texas Permanent School Fund Corp boosted its holdings in shares of First Hawaiian by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 111,691 shares of the bank’s stock worth $2,453,000 after buying an additional 1,453 shares in the last quarter. Sei Investments Co. increased its stake in shares of First Hawaiian by 11.9% in the 1st quarter. Sei Investments Co. now owns 546,268 shares of the bank’s stock valued at $11,996,000 after acquiring an additional 58,286 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in First Hawaiian by 98.5% during the first quarter. Russell Investments Group Ltd. now owns 11,824 shares of the bank’s stock worth $260,000 after acquiring an additional 5,868 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of First Hawaiian by 9.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 136,316 shares of the bank’s stock valued at $2,992,000 after purchasing an additional 11,553 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FHB. Piper Sandler upped their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company increased their target price 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. Keefe, Bruyette & Woods increased their target price on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Barclays boosted their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, First Hawaiian has a consensus rating of “Reduce” and a consensus price target of $24.33.

First Hawaiian Stock Down 2.8 %

NASDAQ:FHB traded down $0.80 during trading hours on Thursday, reaching $27.50. 56,149 shares of the company’s stock were exchanged, compared to its average volume of 646,402. First Hawaiian, Inc. has a 1-year low of $17.95 and a 1-year high of $28.38. The company has a 50-day moving average of $23.78 and a 200 day moving average of $22.64. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 16.17 and a beta of 0.96.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.26 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.78%. First Hawaiian’s dividend payout ratio is currently 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.