Lee Financial Co bought a new stake in shares of First Hawaiian Inc (NYSE:FHB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,240 shares of the bank’s stock, valued at approximately $462,000.
Several other hedge funds have also added to or reduced their stakes in FHB. UBS Asset Management Americas Inc. acquired a new stake in shares of First Hawaiian in the 1st quarter valued at $915,000. Parametric Portfolio Associates LLC lifted its stake in shares of First Hawaiian by 93.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 19,858 shares of the bank’s stock valued at $594,000 after purchasing an additional 9,611 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of First Hawaiian by 28.6% in the 1st quarter. Alliancebernstein L.P. now owns 15,641 shares of the bank’s stock valued at $468,000 after purchasing an additional 3,474 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of First Hawaiian in the 1st quarter valued at $257,000. Finally, Teachers Advisors LLC lifted its stake in shares of First Hawaiian by 36.4% in the 1st quarter. Teachers Advisors LLC now owns 30,862 shares of the bank’s stock valued at $923,000 after purchasing an additional 8,228 shares during the last quarter.
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 report on Saturday, September 30th. Barclays PLC set a $32.00 target price on shares of First Hawaiian and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, UBS AG lifted their target price on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. First Hawaiian presently has an average rating of “Hold” and an average target price of $32.50.
First Hawaiian Inc (NYSE FHB) traded up $0.04 during trading hours on Tuesday, hitting $28.22. 46,965 shares of the stock traded hands, compared to its average volume of 241,483. First Hawaiian Inc has a one year low of $26.30 and a one year high of $35.47.
First Hawaiian (NYSE:FHB) last posted its earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $133.32 million for the quarter, compared to analysts’ expectations of $136.44 million. First Hawaiian had a net margin of 32.09% and a return on equity of 9.12%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.12%.
About First Hawaiian
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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