Great West Life Assurance Co. Can Holds Holdings in First Hawaiian Inc (FHB)
Great West Life Assurance Co. Can continued to hold its stake in First Hawaiian Inc (NYSE:FHB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,900 shares of the bank’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in First Hawaiian were worth $180,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of FHB. Teachers Advisors LLC grew its holdings in First Hawaiian by 90.1% during the fourth quarter. Teachers Advisors LLC now owns 22,634 shares of the bank’s stock valued at $788,000 after purchasing an additional 10,727 shares during the period. Russell Investments Group Ltd. acquired a new position in First Hawaiian during the first quarter valued at approximately $409,000. Wells Fargo & Company MN grew its holdings in First Hawaiian by 31.3% during the first quarter. Wells Fargo & Company MN now owns 54,570 shares of the bank’s stock valued at $1,633,000 after purchasing an additional 13,007 shares during the period. First Trust Advisors LP grew its holdings in First Hawaiian by 14.7% during the first quarter. First Trust Advisors LP now owns 94,788 shares of the bank’s stock valued at $2,836,000 after purchasing an additional 12,137 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in First Hawaiian by 28.3% during the first quarter. Bank of New York Mellon Corp now owns 241,309 shares of the bank’s stock valued at $7,220,000 after purchasing an additional 53,200 shares during the period.
Several research analysts have recently weighed in on FHB shares. Zacks Investment Research cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Bank of America Corporation reiterated a “neutral” rating and issued a $34.00 price target (down previously from $37.00) on shares of First Hawaiian in a report on Thursday, June 22nd. UBS AG reiterated a “neutral” rating and issued a $29.00 price target (down previously from $30.00) on shares of First Hawaiian in a report on Monday, July 31st. Finally, BidaskClub upgraded shares of First Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.83.
First Hawaiian Inc (NYSE FHB) opened at 28.18 on Friday. The firm has a market cap of $3.93 billion and a PE ratio of 17.61. The stock has a 50 day moving average of $28.04 and a 200 day moving average of $29.72. First Hawaiian Inc has a 12-month low of $25.80 and a 12-month high of $35.47.
First Hawaiian (NYSE:FHB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $131.30 million during the quarter, compared to the consensus estimate of $134.58 million. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that First Hawaiian Inc will post $1.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, August 24th.
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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