Allianz Asset Management GmbH Has $3.75 Million Holdings in First Hawaiian, Inc. $FHB

Allianz Asset Management GmbH reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 44.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,203 shares of the bank’s stock after selling 120,021 shares during the quarter. Allianz Asset Management GmbH’s holdings in First Hawaiian were worth $3,749,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its stake in First Hawaiian by 4.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 70,300 shares of the bank’s stock valued at $1,718,000 after purchasing an additional 2,678 shares during the last quarter. Principal Financial Group Inc. raised its stake in First Hawaiian by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 627,695 shares of the bank’s stock valued at $15,341,000 after purchasing an additional 7,981 shares during the last quarter. GAMMA Investing LLC raised its stake in First Hawaiian by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 4,943 shares of the bank’s stock valued at $121,000 after purchasing an additional 1,319 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in First Hawaiian by 25.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,864 shares of the bank’s stock valued at $314,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in First Hawaiian during the 2nd quarter valued at $338,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Performance

FHB opened at $23.67 on Friday. The firm’s 50-day simple moving average is $24.94 and its 200-day simple moving average is $24.34. First Hawaiian, Inc. has a twelve month low of $20.32 and a twelve month high of $28.80. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 3.48 and a beta of 0.84.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. The business had revenue of $129.16 million for the quarter. As a group, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FHB has been the subject of a number of recent research reports. Barclays restated an “underweight” rating on shares of First Hawaiian in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Cowen initiated coverage on shares of First Hawaiian in a research note on Wednesday, September 24th. They issued a “hold” rating for the company. Piper Sandler initiated coverage on shares of First Hawaiian in a research note on Thursday, August 21st. They issued a “neutral” rating and a $26.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of First Hawaiian in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $27.06.

First Hawaiian Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and 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 offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.