Russell Investments Group Ltd. Has $714,000 Stake in First Hawaiian Inc (FHB)
Russell Investments Group Ltd. lifted its stake in First Hawaiian Inc (NYSE:FHB) by 70.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,308 shares of the bank’s stock after purchasing an additional 9,642 shares during the period. Russell Investments Group Ltd.’s holdings in First Hawaiian were worth $714,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FHB. US Bancorp DE purchased a new stake in shares of First Hawaiian in the 2nd quarter worth $118,000. UBS Group AG increased its stake in 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. Segantii Capital Management Ltd purchased a new stake in First Hawaiian in the 1st quarter worth $129,000. Great West Life Assurance Co. Can increased its stake in 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, Janus Capital Management LLC increased its stake in First Hawaiian by 22.3% in the 1st quarter. Janus Capital Management LLC now owns 8,384 shares of the bank’s stock worth $251,000 after buying an additional 1,528 shares in the last quarter.
FHB has been the subject of a number of analyst reports. Zacks Investment Research lowered First Hawaiian from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Bank of America Corporation reiterated a “neutral” rating and issued a $34.00 price target (down previously from $37.00) on shares of First Hawaiian in a research note on Thursday, June 22nd. UBS AG reiterated a “neutral” rating and issued a $29.00 price target (down previously from $30.00) on shares of First Hawaiian in a research note on Monday, July 31st. Finally, BidaskClub upgraded First Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.83.
Shares of First Hawaiian Inc (NYSE:FHB) traded down 0.46% during midday trading on Friday, reaching $28.18. The company’s stock had a trading volume of 556,055 shares. The stock has a 50-day moving average of $28.04 and a 200 day moving average of $29.72. First Hawaiian Inc has a 12-month low of $25.80 and a 12-month high of $35.47. The firm has a market capitalization of $3.93 billion and a P/E ratio of 17.61.
First Hawaiian (NYSE:FHB) last released its quarterly earnings data on Thursday, July 27th. The bank reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The company had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $134.58 million. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that First Hawaiian Inc will post $1.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were issued a $0.22 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.12%.
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First Hawaiian Company 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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