Pacer Advisors Inc. Increases Stake in First Hawaiian Inc (FHB)
Pacer Advisors Inc. lifted its holdings in shares of First Hawaiian Inc (NYSE:FHB) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,546 shares of the bank’s stock after acquiring an additional 374 shares during the period. Pacer Advisors Inc.’s holdings in First Hawaiian were worth $109,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its position in shares of First Hawaiian by 3.4% during the second quarter. Legal & General Group Plc now owns 11,233 shares of the bank’s stock worth $344,000 after acquiring an additional 370 shares during the last quarter. Cadinha & Co. LLC grew its position in shares of First Hawaiian by 5.6% during the second quarter. Cadinha & Co. LLC now owns 11,310 shares of the bank’s stock worth $346,000 after acquiring an additional 600 shares during the last quarter. Pictet North America Advisors SA grew its position in shares of First Hawaiian by 1.1% during the first quarter. Pictet North America Advisors SA now owns 94,700 shares of the bank’s stock worth $2,833,000 after acquiring an additional 1,000 shares during the last quarter. Banque Pictet & Cie SA grew its position in shares of First Hawaiian by 1.1% during the first quarter. Banque Pictet & Cie SA now owns 94,700 shares of the bank’s stock worth $2,833,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Janus Capital Management LLC grew its position in shares of First Hawaiian by 22.3% during the first quarter. Janus Capital Management LLC now owns 8,384 shares of the bank’s stock worth $251,000 after acquiring an additional 1,528 shares during the last quarter.
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First Hawaiian Inc (NYSE FHB) opened at 28.65 on Tuesday. First Hawaiian Inc has a 52-week low of $25.80 and a 52-week high of $35.47. The stock has a market capitalization of $4.00 billion and a price-to-earnings ratio of 17.91. The company has a 50-day moving average of $28.14 and a 200-day moving average of $28.68.
First Hawaiian (NYSE:FHB) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The firm had revenue of $131.30 million during 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%. First Hawaiian’s revenue was up 1.5% on a year-over-year basis. Equities research analysts expect that First Hawaiian Inc will post $1.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.07%.
FHB has been the topic of a number of research reports. Zacks Investment Research lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Bank of America Corporation restated a “neutral” rating and set a $34.00 target price (down from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. UBS AG restated a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of First Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.83.
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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