First Hawaiian Inc (FHB) Holdings Trimmed by OxFORD Asset Management LLP
OxFORD Asset Management LLP lowered its holdings in shares of First Hawaiian Inc (NYSE:FHB) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,764 shares of the bank’s stock after selling 13,375 shares during the period. OxFORD Asset Management LLP’s holdings in First Hawaiian were worth $2,044,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after buying an additional 374 shares in the last quarter. US Bancorp DE bought a new stake in shares of First Hawaiian in the 2nd quarter worth $118,000. UBS Group AG raised its stake in shares of First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock worth $122,000 after buying an additional 3,086 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of First Hawaiian by 90.3% in the 1st 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 in the last quarter. Finally, MUFG Americas Holdings Corp bought a new stake in shares of First Hawaiian in the 2nd quarter worth $221,000.
Shares of First Hawaiian Inc (FHB) opened at 29.85 on Friday. The company has a market cap of $4.17 billion and a P/E ratio of 18.66. First Hawaiian Inc has a 1-year low of $25.80 and a 1-year high of $35.47. The stock has a 50 day moving average price of $29.16 and a 200-day moving average price of $29.16.
First Hawaiian (NYSE:FHB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $131.30 million for the quarter, compared to the consensus estimate of $134.58 million. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts predict that First Hawaiian Inc will post $1.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, August 24th.
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A number of analysts have recently commented on the company. BidaskClub downgraded First Hawaiian from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. UBS AG reissued a “neutral” rating and issued a $29.00 price objective (down previously from $30.00) on shares of First Hawaiian in a research note on Monday, July 31st. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $34.00 price objective (down previously from $37.00) on shares of First Hawaiian in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. First Hawaiian presently has a consensus rating of “Hold” and an average price target of $32.83.
First Hawaiian Profile
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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