Swiss National Bank lifted its stake in First Hawaiian Inc (NASDAQ:FHB) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 250,967 shares of the bank’s stock after acquiring an additional 5,100 shares during the period. Swiss National Bank owned 0.19% of First Hawaiian worth $6,493,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in First Hawaiian by 3.9% in the 1st quarter. American Century Companies Inc. now owns 7,242,712 shares of the bank’s stock valued at $188,673,000 after buying an additional 269,330 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in First Hawaiian by 4.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,307,804 shares of the bank’s stock valued at $112,220,000 after buying an additional 185,898 shares during the last quarter. AJO LP acquired a new stake in First Hawaiian in the 1st quarter valued at approximately $109,133,000. Villere ST Denis J & Co. LLC grew its holdings in First Hawaiian by 1.6% in the 2nd quarter. Villere ST Denis J & Co. LLC now owns 3,052,912 shares of the bank’s stock valued at $78,978,000 after buying an additional 48,930 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of First Hawaiian by 3.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,504,613 shares of the bank’s stock worth $65,245,000 after purchasing an additional 75,287 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.
FHB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. TheStreet raised First Hawaiian from a “c” rating to a “b-” rating in a research note on Monday, August 5th. BidaskClub raised First Hawaiian from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. ValuEngine cut First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. cut First Hawaiian from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $26.50 to $26.00 in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.80.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $194.39 million for the quarter, compared to the consensus estimate of $196.31 million. First Hawaiian had a return on equity of 11.48% and a net margin of 31.56%. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, sell-side analysts anticipate that First Hawaiian Inc will post 2.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Friday, August 23rd. First Hawaiian’s dividend payout ratio is presently 49.76%.
First Hawaiian Profile
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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