Wells Fargo & Company MN lifted its holdings in shares of First Hawaiian Inc (NASDAQ:FHB) by 23.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,338 shares of the bank’s stock after purchasing an additional 16,470 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of First Hawaiian worth $2,615,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its holdings in shares of First Hawaiian by 4.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,922 shares of the bank’s stock worth $977,000 after buying an additional 1,341 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of First Hawaiian by 35.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 110,795 shares of the bank’s stock worth $3,357,000 after buying an additional 29,128 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of First Hawaiian by 70.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,308 shares of the bank’s stock worth $714,000 after buying an additional 9,642 shares during the period. Vanguard Group Inc. boosted its holdings in shares of First Hawaiian by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock worth $126,981,000 after buying an additional 238,056 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of First Hawaiian by 97.0% during the 2nd quarter. California State Teachers Retirement System now owns 97,913 shares of the bank’s stock worth $2,998,000 after buying an additional 48,213 shares during the period. Institutional investors own 35.92% of the company’s stock.
Several analysts recently issued reports on FHB shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of First Hawaiian in a report on Friday, December 22nd. JPMorgan Chase & Co. downgraded shares of First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Friday, January 26th. ValuEngine downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.75.
Shares of First Hawaiian Inc (NASDAQ:FHB) traded down $0.87 during trading on Monday, reaching $27.63. 359,779 shares of the company’s stock were exchanged, compared to its average volume of 368,974. First Hawaiian Inc has a 12-month low of $26.30 and a 12-month high of $32.52. The company has a market cap of $3,978.28, a P/E ratio of 21.59, a PEG ratio of 2.07 and a beta of 0.35.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.40 million. First Hawaiian had a net margin of 23.80% and a return on equity of 9.09%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. equities research analysts anticipate that First Hawaiian Inc will post 1.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.47%. This is an increase from First Hawaiian’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, February 23rd. First Hawaiian’s dividend payout ratio (DPR) is presently 66.67%.
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First Hawaiian Company 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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