Janus Capital Management LLC raised its stake in First Hawaiian Inc (NYSE:FHB) by 22.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Credit Suisse AG boosted its position in First Hawaiian by 123.0% in the first quarter. Credit Suisse AG now owns 40,118 shares of the bank’s stock valued at $1,200,000 after buying an additional 22,125 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in First Hawaiian by 29.9% in the first quarter. Tudor Investment Corp ET AL now owns 20,292 shares of the bank’s stock valued at $607,000 after buying an additional 4,666 shares during the last quarter. Paloma Partners Management Co acquired a new position in First Hawaiian during the first quarter valued at about $262,000. Eventide Asset Management LLC boosted its position in First Hawaiian by 108.7% in the first quarter. Eventide Asset Management LLC now owns 24,000 shares of the bank’s stock valued at $718,000 after buying an additional 12,500 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in First Hawaiian during the first quarter valued at about $3,791,000.
First Hawaiian Inc (NYSE FHB) traded down 0.87% during mid-day trading on Friday, hitting $27.29. The company had a trading volume of 356,313 shares. The company has a market cap of $3.81 billion and a PE ratio of 17.06. First Hawaiian Inc has a one year low of $25.02 and a one year high of $35.47. The company’s 50 day moving average price is $29.57 and its 200-day moving average price is $29.94.
First Hawaiian (NYSE:FHB) last announced its earnings results on Thursday, July 27th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $131.30 million for the quarter, compared to analyst estimates of $134.58 million. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. First Hawaiian’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that First Hawaiian Inc will post $1.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 24th.
Several research analysts have issued reports on the company. 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. Zacks Investment Research cut First Hawaiian from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. 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, 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.05.
About First Hawaiian
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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