Marshall Wace LLP purchased a new position in First Hawaiian Inc (NASDAQ:FHB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 831,876 shares of the bank’s stock, valued at approximately $22,594,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Aperio Group LLC grew its stake in First Hawaiian by 86.9% in the second quarter. Aperio Group LLC now owns 39,215 shares of the bank’s stock worth $1,138,000 after purchasing an additional 18,230 shares in the last quarter. Comerica Bank grew its stake in First Hawaiian by 2.6% in the second quarter. Comerica Bank now owns 99,955 shares of the bank’s stock worth $2,853,000 after purchasing an additional 2,509 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in First Hawaiian in the second quarter worth approximately $447,000. First Trust Advisors LP grew its stake in First Hawaiian by 3.2% in the second quarter. First Trust Advisors LP now owns 219,657 shares of the bank’s stock worth $6,374,000 after purchasing an additional 6,780 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in First Hawaiian in the second quarter worth approximately $2,028,000. Hedge funds and other institutional investors own 78.57% of the company’s stock.
Shares of NASDAQ FHB opened at $24.55 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.73 and a beta of 0.77. 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, meeting the consensus estimate of $0.52. The business had revenue of $188.66 million for the quarter, compared to analysts’ expectations of $193.89 million. First Hawaiian had a return on equity of 10.79% and a net margin of 26.14%. As a group, equities research analysts expect that First Hawaiian Inc will post 2.03 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Monday, November 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $0.96 annualized dividend and a yield of 3.91%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.18%.
Several research analysts recently issued reports on the company. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, September 26th. Citigroup dropped their price objective on First Hawaiian from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, October 29th. ValuEngine cut First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Wells Fargo & Co set a $29.00 price objective on First Hawaiian and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.44.
In other First Hawaiian news, Director Paribas Bnp sold 20,000,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $28.70, for a total transaction of $574,000,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.
First Hawaiian 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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