Deprince Race & Zollo Inc. Buys 137,507 Shares of First Hawaiian Inc (FHB)

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Deprince Race & Zollo Inc. raised its stake in shares of First Hawaiian Inc (NASDAQ:FHB) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,356,756 shares of the bank’s stock after purchasing an additional 137,507 shares during the quarter. First Hawaiian makes up about 1.7% of Deprince Race & Zollo Inc.’s holdings, making the stock its 3rd biggest holding. Deprince Race & Zollo Inc. owned about 1.75% of First Hawaiian worth $61,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Reinhart Partners Inc. grew its position in shares of First Hawaiian by 40.3% in the 1st quarter. Reinhart Partners Inc. now owns 180,252 shares of the bank’s stock worth $4,696,000 after buying an additional 51,817 shares during the period. Vanguard Group Inc grew its position in shares of First Hawaiian by 56.4% in the 3rd quarter. Vanguard Group Inc now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after buying an additional 3,439,477 shares during the period. JPMorgan Chase & Co. grew its position in shares of First Hawaiian by 48.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,730,041 shares of the bank’s stock worth $155,628,000 after buying an additional 1,882,584 shares during the period. United Services Automobile Association grew its position in shares of First Hawaiian by 6.6% in the 4th quarter. United Services Automobile Association now owns 100,384 shares of the bank’s stock worth $2,260,000 after buying an additional 6,200 shares during the period. Finally, Teachers Advisors LLC grew its position in shares of First Hawaiian by 22.6% in the 3rd quarter. Teachers Advisors LLC now owns 307,660 shares of the bank’s stock worth $8,356,000 after buying an additional 56,771 shares during the period. 81.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Paribas Bnp sold 24,859,750 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $26.11, for a total value of $649,088,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Harrison bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average cost of $25.88 per share, with a total value of $129,400.00. Following the completion of the acquisition, the chief executive officer now owns 80,261 shares of the company’s stock, valued at approximately $2,077,154.68. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

FHB traded down $0.23 during trading on Thursday, reaching $26.91. 55,326 shares of the company traded hands, compared to its average volume of 1,360,396. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82. First Hawaiian Inc has a 12-month low of $21.19 and a 12-month high of $31.28. The firm has a market cap of $3.66 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 3.58 and a beta of 1.15.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. First Hawaiian had a net margin of 32.05% and a return on equity of 11.55%. The business had revenue of $177.08 million during the quarter, compared to analyst estimates of $190.93 million. During the same period last year, the firm posted $0.42 EPS. On average, sell-side analysts anticipate that First Hawaiian Inc will post 2.19 earnings per share for the current year.

FHB has been the topic of several recent analyst reports. BidaskClub raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. ValuEngine raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Compass Point set a $28.00 price objective on shares of First Hawaiian and gave the company a “buy” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.60.

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First Hawaiian Company Profile

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.

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

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