Sei Investments Co. boosted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,637 shares of the bank’s stock after buying an additional 2,735 shares during the quarter. Sei Investments Co. owned 0.12% of First Hawaiian worth $4,957,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. grew its position in shares of First Hawaiian by 11.8% in the second quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock valued at $109,000 after purchasing an additional 374 shares during the last quarter. US Bancorp DE acquired a new stake in shares of First Hawaiian in the second quarter valued at approximately $118,000. UBS Group AG grew its position in shares of First Hawaiian by 308.6% in the first quarter. UBS Group AG now owns 4,086 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,086 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of First Hawaiian in the third quarter valued at approximately $210,000. Finally, MUFG Americas Holdings Corp acquired a new stake in shares of First Hawaiian in the second quarter valued at approximately $221,000. Institutional investors own 36.00% of the company’s stock.
First Hawaiian, Inc. (NASDAQ:FHB) opened at $27.92 on Monday. The firm has a market cap of $3,897.24, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.84. First Hawaiian, Inc. has a one year low of $26.30 and a one year high of $35.47.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The company had revenue of $133.32 million for the quarter, compared to the consensus estimate of $136.44 million. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. First Hawaiian’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. analysts predict that First Hawaiian, Inc. will post 1.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, November 24th. First Hawaiian’s dividend payout ratio is presently 53.33%.
A number of analysts recently issued reports on the stock. BidaskClub lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS AG raised their target price on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Barclays PLC set a $32.00 target price on shares of First Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.50.
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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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