Victory Capital Management Inc. trimmed its position in shares of First Hawaiian Inc (NYSE:FHB) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,976,978 shares of the bank’s stock after selling 87,686 shares during the quarter. Victory Capital Management Inc. owned approximately 1.42% of First Hawaiian worth $59,883,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FHB. Janus Henderson Group PLC purchased a new stake in shares of First Hawaiian in the second quarter valued at $127,437,000. Vanguard Group Inc. lifted its position in shares of First Hawaiian by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock valued at $126,981,000 after acquiring an additional 238,056 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Hawaiian by 19.6% in the second quarter. JPMorgan Chase & Co. now owns 3,647,583 shares of the bank’s stock valued at $111,689,000 after acquiring an additional 597,492 shares in the last quarter. FMR LLC lifted its position in shares of First Hawaiian by 222.8% in the second quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock valued at $53,627,000 after acquiring an additional 1,208,748 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of First Hawaiian by 12.7% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 1,248,430 shares of the bank’s stock valued at $38,227,000 after acquiring an additional 140,940 shares in the last quarter.
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Several brokerages have recently issued reports on FHB. BidaskClub downgraded First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. UBS AG increased their target price on First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Barclays PLC set a $32.00 target price on First Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. First Hawaiian presently has an average rating of “Hold” and a consensus target price of $32.50.
Shares of First Hawaiian Inc (NYSE:FHB) opened at $28.18 on Tuesday. First Hawaiian Inc has a 12 month low of $26.30 and a 12 month high of $35.47.
First Hawaiian (NYSE:FHB) last posted its earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $133.32 million during the quarter, compared to analyst estimates of $136.44 million. First Hawaiian had a return on equity of 9.12% and a net margin of 32.09%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, November 24th.
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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