BlueCrest Capital Management Ltd cut its holdings in First Hawaiian Inc (NYSE:FHB) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 123,271 shares of the bank’s stock after selling 3,444 shares during the quarter. BlueCrest Capital Management Ltd owned about 0.09% of First Hawaiian worth $3,775,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock valued at $109,000 after purchasing an additional 374 shares during the period. US Bancorp DE acquired a new position in shares of First Hawaiian in the 2nd quarter valued at approximately $118,000. UBS Group AG grew its position in shares of First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,086 shares during the period. Great West Life Assurance Co. Can grew its position in shares of 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 valued at $176,000 after purchasing an additional 2,800 shares during the period. Finally, MUFG Americas Holdings Corp acquired a new position in shares of First Hawaiian in the 2nd quarter valued at approximately $221,000.
Several brokerages recently issued reports on FHB. Barclays PLC set a $32.00 price objective on First Hawaiian and gave the company a “buy” rating in a research report on Wednesday, October 11th. BidaskClub lowered First Hawaiian from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. UBS AG reaffirmed a “neutral” rating and set a $29.00 price target (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $34.00 price target (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $32.33.
First Hawaiian Inc (FHB) traded up 0.44% during trading on Wednesday, reaching $29.93. The company’s stock had a trading volume of 75,530 shares. First Hawaiian Inc has a 12 month low of $26.09 and a 12 month high of $35.47. The stock has a market cap of $4.18 billion and a PE ratio of 18.71. The company’s 50-day moving average is $28.69 and its 200-day moving average is $29.11.
First Hawaiian (NYSE:FHB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The business had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $134.58 million. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts expect that First Hawaiian Inc will post $1.65 EPS for the current fiscal year.
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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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