California Public Employees Retirement System Has $1.93 Million Holdings in First Hawaiian Inc (FHB)
California Public Employees Retirement System raised its position in shares of First Hawaiian Inc (NASDAQ:FHB) by 35.5% in the third quarter, HoldingsChannel.com reports. The firm owned 63,537 shares of the bank’s stock after acquiring an additional 16,637 shares during the period. California Public Employees Retirement System’s holdings in First Hawaiian were worth $1,925,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of First Hawaiian during the 3rd quarter worth about $208,000. Aperio Group LLC bought a new stake in shares of First Hawaiian during the 3rd quarter worth about $210,000. Koch Industries Inc. bought a new stake in shares of First Hawaiian during the 2nd quarter worth about $240,000. Rafferty Asset Management LLC bought a new stake in shares of First Hawaiian during the 2nd quarter worth about $241,000. Finally, Cadence Capital Management LLC bought a new stake in shares of First Hawaiian during the 3rd quarter worth about $245,000. 35.74% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Barclays set a $32.00 target price on shares of First Hawaiian and gave the stock a “buy” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 target price on shares of First Hawaiian in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.29.
First Hawaiian (NASDAQ:FHB) last released its earnings results on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. The business had revenue of $133.32 million for the quarter, compared to the consensus estimate of $136.44 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. sell-side analysts expect that First Hawaiian Inc will post 1.63 EPS for the current year.
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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