Villere ST Denis J & Co. LLC Has $48.75 Million Stake in First Hawaiian Inc (FHB)

Villere ST Denis J & Co. LLC lowered its stake in First Hawaiian Inc (NYSE:FHB) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,592,146 shares of the bank’s stock after selling 1,500 shares during the period. First Hawaiian accounts for 2.8% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 19th largest position. Villere ST Denis J & Co. LLC owned approximately 1.14% of First Hawaiian worth $48,751,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in First Hawaiian by 459.1% in the first quarter. Wellington Management Group LLP now owns 3,546,109 shares of the bank’s stock valued at $106,100,000 after buying an additional 2,911,800 shares during the period. Vanguard Group Inc. increased its position in First Hawaiian by 149.2% in the first quarter. Vanguard Group Inc. now owns 3,908,897 shares of the bank’s stock valued at $116,954,000 after buying an additional 2,340,324 shares during the period. Neuberger Berman Group LLC increased its position in First Hawaiian by 212.8% in the first quarter. Neuberger Berman Group LLC now owns 2,931,859 shares of the bank’s stock valued at $87,721,000 after buying an additional 1,994,659 shares during the period. Citadel Advisors LLC increased its position in First Hawaiian by 18,522.5% in the first quarter. Citadel Advisors LLC now owns 1,550,138 shares of the bank’s stock valued at $46,381,000 after buying an additional 1,541,814 shares during the period. Finally, JPMorgan Chase & Co. increased its position in First Hawaiian by 49.1% in the first quarter. JPMorgan Chase & Co. now owns 3,050,091 shares of the bank’s stock valued at $91,258,000 after buying an additional 1,004,303 shares during the period.

Shares of First Hawaiian Inc (NYSE FHB) opened at 28.20 on Friday. The stock has a 50 day moving average price of $29.76 and a 200 day moving average price of $30.15. The firm has a market capitalization of $3.94 billion and a PE ratio of 17.62. First Hawaiian Inc has a 1-year low of $24.75 and a 1-year high of $35.47.

First Hawaiian (NYSE:FHB) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, meeting the Zacks’ 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 during the quarter, compared to analysts’ expectations of $134.58 million. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that First Hawaiian Inc will post $1.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, August 24th.

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FHB has been the subject of several analyst reports. Zacks Investment Research downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price objective on shares of First Hawaiian in a research report on Friday, May 12th. Bank of America Corporation reiterated a “neutral” rating and issued a $34.00 price objective (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. Finally, UBS AG reiterated a “neutral” rating and issued a $29.00 price objective (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for First Hawaiian (NYSE:FHB)

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