Wedge Capital Management L L P NC Lowers Stake in First Hawaiian Inc (NASDAQ:FHB)

Wedge Capital Management L L P NC cut its position in shares of First Hawaiian Inc (NASDAQ:FHB) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,299,615 shares of the bank’s stock after selling 13,933 shares during the quarter. Wedge Capital Management L L P NC owned about 0.99% of First Hawaiian worth $37,494,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FHB. Bank of Nova Scotia boosted its position in shares of First Hawaiian by 0.7% in the second quarter. Bank of Nova Scotia now owns 72,604 shares of the bank’s stock worth $1,878,000 after buying an additional 504 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in First Hawaiian by 21.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock worth $83,000 after acquiring an additional 564 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in First Hawaiian by 1.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,566 shares of the bank’s stock worth $1,083,000 after acquiring an additional 605 shares during the period. First Quadrant L P CA grew its position in First Hawaiian by 4.3% in the third quarter. First Quadrant L P CA now owns 14,879 shares of the bank’s stock valued at $397,000 after acquiring an additional 617 shares in the last quarter. Finally, Reinhart Partners Inc. raised its stake in shares of First Hawaiian by 0.3% during the third quarter. Reinhart Partners Inc. now owns 219,744 shares of the bank’s stock valued at $5,867,000 after purchasing an additional 706 shares during the period. Institutional investors own 96.85% of the company’s stock.

Several research analysts have recently weighed in on FHB shares. Zacks Investment Research downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Sandler O’Neill assumed coverage on shares of First Hawaiian in a research note on Thursday, December 19th. They set a “hold” rating and a $31.00 price target on the stock. BidaskClub cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. ValuEngine downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Co set a $25.00 target price on First Hawaiian and gave the stock a “hold” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.80.

First Hawaiian stock opened at $28.57 on Thursday. The stock has a market cap of $3.74 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 4.75 and a beta of 1.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $27.12. First Hawaiian Inc has a 52 week low of $24.17 and a 52 week high of $29.47.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $143.10 million during the quarter, compared to analyst estimates of $145.43 million. First Hawaiian had a net margin of 32.03% and a return on equity of 11.41%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, equities analysts predict that First Hawaiian Inc will post 2.15 earnings per share for the current fiscal year.

About First Hawaiian

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 in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including 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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