Wells Fargo & Company MN grew its holdings in First Hawaiian Inc (NASDAQ:FHB) by 23.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 86,338 shares of the bank’s stock after purchasing an additional 16,470 shares during the quarter. Wells Fargo & Company MN’s holdings in First Hawaiian were worth $2,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted 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 buying an additional 370 shares during the period. Pacer Advisors Inc. boosted its position in shares of First Hawaiian by 11.8% during the second quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after buying an additional 374 shares during the period. Principal Financial Group Inc. boosted its position in shares of First Hawaiian by 6.4% during the second quarter. Principal Financial Group Inc. now owns 9,130 shares of the bank’s stock worth $280,000 after buying an additional 546 shares during the period. AHL Partners LLP boosted its position in shares of First Hawaiian by 2.5% during the second quarter. AHL Partners LLP now owns 44,842 shares of the bank’s stock worth $1,373,000 after buying an additional 1,079 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of First Hawaiian by 4.4% during the second quarter. UBS Asset Management Americas Inc. now owns 31,922 shares of the bank’s stock worth $977,000 after buying an additional 1,341 shares during the period. 35.74% of the stock is owned by institutional investors.

First Hawaiian Inc (NASDAQ FHB) opened at $32.21 on Friday. First Hawaiian Inc has a 52-week low of $26.30 and a 52-week high of $34.68. The company has a market capitalization of $4,496.06, a P/E ratio of 19.64, a P/E/G ratio of 2.44 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. First Hawaiian had a return on equity of 9.02% and a net margin of 30.22%. The firm had revenue of $133.32 million during the quarter, compared to analysts’ expectations of $136.44 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. equities research analysts anticipate that First Hawaiian Inc will post 1.63 EPS for the current fiscal year.

Several research analysts have recently weighed in on FHB shares. Zacks Investment Research raised First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Barclays set a $32.00 price target on First Hawaiian and gave the company a “buy” rating in a research report on Wednesday, October 11th. Goldman Sachs Group cut First Hawaiian from a “neutral” rating to a “sell” rating and set a $32.00 price target for the company. in a research report on Thursday, January 4th. BidaskClub cut First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price target on shares of First Hawaiian in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.29.

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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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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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