Wells Fargo & Company MN lifted its position in shares of First Hawaiian Inc (NASDAQ:FHB) by 23.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,338 shares of the bank’s stock after acquiring an additional 16,470 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of First Hawaiian worth $2,615,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in FHB. Janus Henderson Group PLC bought a new stake in First Hawaiian in the second quarter valued at about $127,437,000. Vanguard Group Inc. increased its holdings in First Hawaiian by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock valued at $126,981,000 after purchasing an additional 238,056 shares during the last quarter. FMR LLC increased its holdings in First Hawaiian by 222.8% in the second quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock valued at $53,627,000 after purchasing an additional 1,208,748 shares during the last quarter. Villere ST Denis J & Co. LLC increased its holdings in First Hawaiian by 7.4% in the third quarter. Villere ST Denis J & Co. LLC now owns 1,710,643 shares of the bank’s stock valued at $51,815,000 after purchasing an additional 118,497 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in First Hawaiian by 12.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 1,248,430 shares of the bank’s stock valued at $38,227,000 after purchasing an additional 140,940 shares during the last quarter. Institutional investors own 35.74% of the company’s stock.
FHB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Barclays set a $32.00 price target on First Hawaiian and gave the stock a “buy” rating in a report on Wednesday, October 11th. Goldman Sachs Group downgraded First Hawaiian from a “neutral” rating to a “sell” rating and set a $32.00 price target for the company. in a report on Thursday, January 4th. BidaskClub downgraded First Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price target on shares of First Hawaiian in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. First Hawaiian presently has an average rating of “Hold” and an average price target of $33.29.
Shares of First Hawaiian Inc (FHB) opened at $32.21 on Friday. First Hawaiian Inc has a fifty-two week low of $26.30 and a fifty-two week high of $34.68. The stock has a market capitalization of $4,496.06, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77.
First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. First Hawaiian had a return on equity of 9.02% and a net margin of 30.22%. The company had revenue of $133.32 million during the quarter, compared to the consensus estimate of $136.44 million. During the same period in the prior year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts forecast that First Hawaiian Inc will post 1.63 EPS for the current fiscal year.
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First Hawaiian Profile
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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