Jane Street Group LLC Takes Position in First Hawaiian Inc (FHB)

Jane Street Group LLC bought a new stake in shares of First Hawaiian Inc (NASDAQ:FHB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,868 shares of the bank’s stock, valued at approximately $208,000.

A number of other institutional investors also recently made changes to their positions in FHB. Teachers Advisors LLC lifted its holdings in shares of First Hawaiian by 36.4% in the 1st quarter. Teachers Advisors LLC now owns 30,862 shares of the bank’s stock worth $923,000 after acquiring an additional 8,228 shares during the last quarter. US Bancorp DE bought a new stake in shares of First Hawaiian in the 2nd quarter worth approximately $118,000. Russell Investments Group Ltd. lifted its holdings in shares of First Hawaiian by 70.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,308 shares of the bank’s stock worth $714,000 after acquiring an additional 9,642 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of First Hawaiian by 14.2% in the 2nd quarter. TD Asset Management Inc. now owns 30,599 shares of the bank’s stock worth $937,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of First Hawaiian by 5.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 201,061 shares of the bank’s stock worth $6,157,000 after acquiring an additional 10,908 shares during the last quarter. Institutional investors and hedge funds own 35.74% of the company’s stock.

First Hawaiian Inc (FHB) opened at $29.62 on Monday. First Hawaiian Inc has a one year low of $26.30 and a one year high of $35.47. The company has a market cap of $4,099.65, a price-to-earnings ratio of 17.95, a P/E/G ratio of 4.90 and a beta of 0.76.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. The company had revenue of $133.32 million for the quarter, compared to the consensus estimate of $136.44 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts predict that First Hawaiian Inc will post 1.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Monday, November 27th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, November 24th. First Hawaiian’s payout ratio is 53.33%.

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price objective on shares of First Hawaiian in a report on Friday. ValuEngine upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, UBS Group lifted their target price on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.67.

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

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