Chartwell Investment Partners LLC increased its stake in First Hawaiian Inc (NASDAQ:FHB) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 345,208 shares of the bank’s stock after buying an additional 3,051 shares during the quarter. Chartwell Investment Partners LLC owned about 0.27% of First Hawaiian worth $5,951,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its stake in First Hawaiian by 1.4% in the second quarter. M&T Bank Corp now owns 472,577 shares of the bank’s stock worth $8,149,000 after purchasing an additional 6,646 shares during the last quarter. Villere ST Denis J & Co. LLC grew its position in First Hawaiian by 1.3% in the 2nd quarter. Villere ST Denis J & Co. LLC now owns 3,024,229 shares of the bank’s stock valued at $52,137,000 after acquiring an additional 37,447 shares during the last quarter. Raymond James & Associates increased its stake in First Hawaiian by 2.2% in the second quarter. Raymond James & Associates now owns 553,488 shares of the bank’s stock worth $9,542,000 after purchasing an additional 11,756 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Hawaiian by 16.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,573 shares of the bank’s stock worth $234,000 after purchasing an additional 1,927 shares during the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in shares of First Hawaiian during the second quarter valued at $179,000. 98.93% of the stock is owned by institutional investors.
In other news, CFO Ravi Mallela bought 3,290 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $14.87 per share, with a total value of $48,922.30. Insiders own 0.57% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Co cut shares of First Hawaiian from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $16.00 to $13.00 in a research report on Tuesday, July 7th. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America upgraded First Hawaiian from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $23.00 in a report on Monday, June 8th. UBS Group cut First Hawaiian from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $15.00 to $13.00 in a report on Monday, June 29th. Finally, ValuEngine raised First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $20.43.
Shares of NASDAQ:FHB opened at $17.38 on Friday. The company has a market capitalization of $2.26 billion, a PE ratio of 11.36 and a beta of 1.34. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. First Hawaiian Inc has a 12-month low of $13.56 and a 12-month high of $31.25. The business’s fifty day simple moving average is $16.93 and its 200-day simple moving average is $20.09.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, July 24th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $173.48 million for the quarter, compared to the consensus estimate of $179.45 million. First Hawaiian had a net margin of 24.42% and a return on equity of 7.77%. During the same period in the previous year, the business earned $0.54 EPS. Research analysts predict that First Hawaiian Inc will post 1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Friday, August 21st. First Hawaiian’s payout ratio is currently 47.49%.
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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