Los Angeles Capital Management & Equity Research Inc. increased its position in shares of First Hawaiian Inc (NASDAQ:FHB) by 91.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 178,062 shares of the bank’s stock after buying an additional 85,027 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.13% of First Hawaiian worth $4,836,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its stake in First Hawaiian by 106.4% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,570 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,840 shares during the last quarter. Voya Investment Management LLC increased its stake in First Hawaiian by 4.0% in the second quarter. Voya Investment Management LLC now owns 63,822 shares of the bank’s stock valued at $1,852,000 after purchasing an additional 2,456 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in First Hawaiian by 0.9% in the second quarter. Chartwell Investment Partners LLC now owns 291,223 shares of the bank’s stock valued at $8,451,000 after purchasing an additional 2,470 shares during the last quarter. Comerica Bank increased its stake in First Hawaiian by 2.6% in the second quarter. Comerica Bank now owns 99,955 shares of the bank’s stock valued at $2,853,000 after purchasing an additional 2,509 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in First Hawaiian by 9.0% in the second quarter. Legal & General Group Plc now owns 30,967 shares of the bank’s stock valued at $898,000 after purchasing an additional 2,567 shares during the last quarter. Hedge funds and other institutional investors own 54.47% of the company’s stock.

Shares of FHB opened at $25.32 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $3.43 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.81 and a beta of 0.74. First Hawaiian Inc has a 12-month low of $22.91 and a 12-month high of $32.36.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Thursday, October 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The business had revenue of $188.66 million for the quarter, compared to analyst estimates of $193.89 million. First Hawaiian had a net margin of 26.14% and a return on equity of 10.79%. Analysts anticipate that First Hawaiian Inc will post 2.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Monday, November 26th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, November 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.79%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.18%.

FHB has been the topic of several recent analyst reports. BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, September 26th. Wells Fargo & Co set a $29.00 price target on shares of First Hawaiian and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Citigroup dropped their price target on shares of First Hawaiian from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, October 29th. Finally, ValuEngine lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. First Hawaiian has an average rating of “Hold” and a consensus target price of $31.44.

In other news, Director Paribas Bnp sold 20,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $28.70, for a total transaction of $574,000,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Los Angeles Capital Management & Equity Research Inc. Purchases 85,027 Shares of First Hawaiian Inc (FHB)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/11/16/los-angeles-capital-management-equity-research-inc-purchases-85027-shares-of-first-hawaiian-inc-fhb.html.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

Further Reading: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Hawaiian Inc (NASDAQ:FHB).

Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.