Janus Capital Management LLC increased its stake in First Hawaiian Inc (NYSE:FHB) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,384 shares of the bank’s stock after buying an additional 1,528 shares during the period. Janus Capital Management LLC’s holdings in First Hawaiian were worth $251,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of First Hawaiian by 214.8% in the fourth quarter. State Street Corp now owns 648,627 shares of the bank’s stock valued at $22,583,000 after buying an additional 442,572 shares during the last quarter. Teachers Advisors LLC increased its position in shares of First Hawaiian by 90.1% in the fourth quarter. Teachers Advisors LLC now owns 22,634 shares of the bank’s stock valued at $788,000 after buying an additional 10,727 shares during the last quarter. First Quadrant L P CA increased its position in First Hawaiian by 9.6% in the first quarter. First Quadrant L P CA now owns 55,617 shares of the bank’s stock worth $1,664,000 after buying an additional 4,864 shares in the last quarter. Russell Investments Group Ltd. bought a new position in First Hawaiian during the first quarter worth approximately $409,000. Finally, DUPONT CAPITAL MANAGEMENT Corp increased its position in First Hawaiian by 123.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 78,800 shares of the bank’s stock worth $2,358,000 after buying an additional 43,475 shares in the last quarter.
Shares of First Hawaiian Inc (NYSE FHB) opened at 28.20 on Friday. The company’s 50 day moving average price is $29.76 and its 200 day moving average price is $30.15. First Hawaiian Inc has a 52-week low of $24.75 and a 52-week high of $35.47. The firm has a market capitalization of $3.94 billion and a price-to-earnings ratio of 17.62.
First Hawaiian (NYSE:FHB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. The company had revenue of $131.30 million for the quarter, compared to the consensus estimate of $134.58 million. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts forecast that First Hawaiian Inc will post $1.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Thursday, August 24th.
A number of research firms have recently commented on FHB. UBS AG reaffirmed a “neutral” rating and set a $29.00 price objective (down previously from $30.00) on shares of First Hawaiian in a research note on Monday, July 31st. Zacks Investment Research raised shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, July 4th. Bank of America Corporation reissued a “neutral” rating and set a $34.00 target price (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 target price on shares of First Hawaiian in a research report on Friday, May 12th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $31.05.
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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