Natixis bought a new position in shares of First Hawaiian Inc (NASDAQ:FHB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 177,095 shares of the bank’s stock, valued at approximately $5,139,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of FHB. FMR LLC increased its holdings in First Hawaiian by 117.2% during the second quarter. FMR LLC now owns 9,109,111 shares of the bank’s stock worth $264,346,000 after buying an additional 4,916,096 shares during the last quarter. BlackRock Inc. increased its holdings in First Hawaiian by 97.4% during the second quarter. BlackRock Inc. now owns 4,679,481 shares of the bank’s stock worth $135,798,000 after buying an additional 2,309,230 shares during the last quarter. Citadel Advisors LLC increased its holdings in First Hawaiian by 8,096.9% during the second quarter. Citadel Advisors LLC now owns 1,712,256 shares of the bank’s stock worth $49,690,000 after buying an additional 1,691,367 shares during the last quarter. Copper Rock Capital Partners LLC bought a new position in First Hawaiian during the second quarter worth $20,962,000. Finally, Villere ST Denis J & Co. LLC boosted its position in First Hawaiian by 18.7% during the second quarter. Villere ST Denis J & Co. LLC now owns 2,685,407 shares of the bank’s stock worth $77,930,000 after purchasing an additional 422,761 shares during the period. Institutional investors and hedge funds own 50.03% of the company’s stock.
A number of equities analysts have commented on the stock. BidaskClub cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Zacks Investment Research cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Bank of America raised shares of First Hawaiian from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $35.00 in a research report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.88.
FHB stock opened at $27.91 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. First Hawaiian Inc has a one year low of $26.92 and a one year high of $32.36. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.42 and a beta of 0.44.
First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Thursday, July 26th. The bank reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. First Hawaiian had a net margin of 25.59% and a return on equity of 10.13%. The firm had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $140.18 million. During the same period in the previous year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that First Hawaiian Inc will post 2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Monday, August 27th were given a dividend of $0.24 per share. The ex-dividend date was Friday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 3.44%. First Hawaiian’s dividend payout ratio (DPR) is 58.18%.
First Hawaiian Company 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 through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.
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