Wedge Capital Management L L P NC Has $37.49 Million Position in First Hawaiian Inc (NASDAQ:FHB)

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Wedge Capital Management L L P NC lessened its holdings in shares of First Hawaiian Inc (NASDAQ:FHB) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,299,615 shares of the bank’s stock after selling 13,933 shares during the period. Wedge Capital Management L L P NC’s holdings in First Hawaiian were worth $37,494,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Stifel Financial Corp lifted its holdings in First Hawaiian by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 68,357 shares of the bank’s stock worth $1,818,000 after buying an additional 4,292 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of First Hawaiian by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,466,841 shares of the bank’s stock worth $65,865,000 after acquiring an additional 300,204 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of First Hawaiian by 1.5% during the third quarter. Public Employees Retirement System of Ohio now owns 40,566 shares of the bank’s stock worth $1,083,000 after acquiring an additional 605 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of First Hawaiian during the third quarter valued at $7,475,000. Finally, Voloridge Investment Management LLC acquired a new position in shares of First Hawaiian during the third quarter valued at $1,187,000. Institutional investors own 96.85% of the company’s stock.

FHB stock opened at $28.57 on Thursday. The business’s fifty day moving average is $28.74 and its 200-day moving average is $27.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.74 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 4.75 and a beta of 1.15. First Hawaiian Inc has a twelve month low of $24.17 and a twelve month high of $29.47.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. First Hawaiian had a return on equity of 11.41% and a net margin of 32.03%. The business had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $145.43 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts anticipate that First Hawaiian Inc will post 2.15 earnings per share for the current fiscal year.

FHB has been the subject of a number of research reports. Zacks Investment Research lowered First Hawaiian from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Co set a $25.00 price objective on First Hawaiian and gave the stock a “hold” rating in a report on Friday, October 25th. ValuEngine downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Sandler O’Neill assumed coverage on shares of First Hawaiian in a research note on Thursday, December 19th. They issued a “hold” rating and a $31.00 target price on the stock. Finally, BidaskClub cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. First Hawaiian currently has an average rating of “Hold” and an average target price of $27.80.

First Hawaiian Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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

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