First Hawaiian Inc (NASDAQ:FHB) Short Interest Update

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First Hawaiian Inc (NASDAQ:FHB) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,693,300 shares, an increase of 9.3% from the May 30th total of 1,548,700 shares. Based on an average daily volume of 767,300 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the company’s stock are short sold.

A number of research firms recently issued reports on FHB. BidaskClub downgraded Zynga from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. First Hawaiian has an average rating of “Hold” and a consensus price target of $28.25.

Shares of NASDAQ:FHB traded up $0.08 during midday trading on Tuesday, reaching $25.14. The company had a trading volume of 4,173 shares, compared to its average volume of 739,944. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day moving average is $25.60. The firm has a market capitalization of $3.48 billion, a PE ratio of 12.06, a PEG ratio of 5.46 and a beta of 1.14. First Hawaiian has a 1-year low of $21.19 and a 1-year high of $30.02.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $145.10 million for the quarter, compared to the consensus estimate of $146.96 million. First Hawaiian had a return on equity of 11.60% and a net margin of 31.67%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, analysts expect that First Hawaiian will post 2.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of First Hawaiian by 389.7% in the fourth quarter. American Century Companies Inc. now owns 6,973,382 shares of the bank’s stock valued at $156,971,000 after purchasing an additional 5,549,300 shares during the last quarter. AJO LP acquired a new position in shares of First Hawaiian in the first quarter valued at approximately $109,133,000. Norges Bank acquired a new position in shares of First Hawaiian in the fourth quarter valued at approximately $32,842,000. Boston Partners grew its position in shares of First Hawaiian by 126.4% in the first quarter. Boston Partners now owns 2,207,175 shares of the bank’s stock valued at $57,497,000 after purchasing an additional 1,232,162 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in shares of First Hawaiian in the first quarter valued at approximately $31,752,000. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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