Legal & General Group Plc increased its position in First Hawaiian Inc (NYSE:FHB) by 1,926.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,863 shares of the bank’s stock after buying an additional 10,327 shares during the period. Legal & General Group Plc’s holdings in First Hawaiian were worth $325,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Segantii Capital Management Ltd bought a new position in First Hawaiian during the first quarter worth $129,000. Great West Life Assurance Co. Can boosted its position in First Hawaiian by 90.3% in the first quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock worth $176,000 after buying an additional 2,800 shares during the period. Arxis Securities LLC bought a new position in First Hawaiian during the first quarter worth $201,000. Principal Financial Group Inc. bought a new position in First Hawaiian during the first quarter worth $257,000. Finally, Stoneridge Investment Partners LLC bought a new position in First Hawaiian during the first quarter worth $264,000.
Shares of First Hawaiian Inc (NYSE FHB) opened at 27.29 on Friday. First Hawaiian Inc has a 12 month low of $25.02 and a 12 month high of $35.47. The firm has a 50-day moving average of $29.57 and a 200 day moving average of $29.94. The firm has a market cap of $3.81 billion and a P/E ratio of 17.06.
First Hawaiian (NYSE:FHB) last posted its earnings results on Thursday, July 27th. The bank reported $0.41 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. The firm had revenue of $131.30 million during the quarter, compared to analyst estimates of $134.58 million. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that First Hawaiian Inc will post $1.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 28th will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.88 annualized dividend and a yield of 3.22%.
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A number of research firms have recently weighed in on FHB. Zacks Investment Research cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Bank of America Corporation reissued a “neutral” rating and issued a $34.00 price objective (down from $37.00) on shares of First Hawaiian in a research note on Thursday, June 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price objective on shares of First Hawaiian in a research note on Friday, May 12th. Finally, UBS AG reissued a “neutral” rating and issued a $29.00 price objective (down from $30.00) on shares of First Hawaiian in a research note on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.05.
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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