Aperio Group LLC Acquires New Position in First Hawaiian Inc (FHB)
Aperio Group LLC acquired a new stake in shares of First Hawaiian Inc (NASDAQ:FHB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,940 shares of the bank’s stock, valued at approximately $210,000.
Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new stake in shares of First Hawaiian in the second quarter worth approximately $127,437,000. Vanguard Group Inc. lifted its position in shares of First Hawaiian by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock worth $126,981,000 after purchasing an additional 238,056 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Hawaiian by 19.6% in the second quarter. JPMorgan Chase & Co. now owns 3,647,583 shares of the bank’s stock worth $111,689,000 after purchasing an additional 597,492 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of First Hawaiian by 6.3% in the second quarter. Victory Capital Management Inc. now owns 2,064,664 shares of the bank’s stock worth $63,220,000 after purchasing an additional 121,463 shares in the last quarter. Finally, FMR LLC lifted its position in shares of First Hawaiian by 222.8% in the second quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock worth $53,627,000 after purchasing an additional 1,208,748 shares in the last quarter. 35.72% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. UBS increased their price target on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Barclays set a $32.00 price target on shares of First Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. First Hawaiian currently has an average rating of “Hold” and an average price target of $32.50.
First Hawaiian Inc (NASDAQ:FHB) opened at $29.31 on Wednesday. First Hawaiian Inc has a twelve month low of $26.30 and a twelve month high of $35.47. The company has a market capitalization of $3,897.25, a P/E ratio of 17.02, a P/E/G ratio of 4.65 and a beta of 0.84.
First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. First Hawaiian had a return on equity of 9.12% and a net margin of 32.09%. The firm had revenue of $133.32 million for the quarter, compared to the consensus estimate of $136.44 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. equities research analysts forecast that First Hawaiian Inc will post 1.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.00%. First Hawaiian’s dividend payout ratio is currently 53.33%.
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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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