Brandywine Global Investment Management LLC Has $2.71 Million Stake in First Hawaiian, Inc. $FHB

Brandywine Global Investment Management LLC trimmed its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,690 shares of the bank’s stock after selling 4,700 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of First Hawaiian worth $2,713,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FHB. Allianz Asset Management GmbH raised its position in shares of First Hawaiian by 8.8% in the first quarter. Allianz Asset Management GmbH now owns 270,224 shares of the bank’s stock valued at $6,604,000 after purchasing an additional 21,800 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in First Hawaiian in the 1st quarter worth $208,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in First Hawaiian by 15.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,522 shares of the bank’s stock worth $1,015,000 after acquiring an additional 5,611 shares during the last quarter. LPL Financial LLC boosted its holdings in First Hawaiian by 16.4% during the first quarter. LPL Financial LLC now owns 199,821 shares of the bank’s stock valued at $4,884,000 after acquiring an additional 28,134 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in First Hawaiian during the first quarter valued at about $448,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 0.2%

NASDAQ FHB opened at $24.66 on Tuesday. First Hawaiian, Inc. has a twelve month low of $20.32 and a twelve month high of $28.80. The stock has a market cap of $3.05 billion, a P/E ratio of 12.03, a PEG ratio of 1.57 and a beta of 0.91. The company’s 50-day simple moving average is $24.51 and its 200 day simple moving average is $24.67.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. The firm had revenue of $129.16 million for the quarter. Research analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th. First Hawaiian’s dividend payout ratio (DPR) is currently 50.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FHB shares. JPMorgan Chase & Co. raised their price objective on shares of First Hawaiian from $26.00 to $27.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $28.00 in a research report on Tuesday, November 11th. Zacks Research raised shares of First Hawaiian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Weiss Ratings cut shares of First Hawaiian from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, TD Cowen began coverage on First Hawaiian in a research note on Thursday, September 25th. They set a “hold” rating and a $27.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $27.75.

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.