Zurcher Kantonalbank Zurich Cantonalbank Buys 875 Shares of First Hawaiian Inc (NASDAQ:FHB)

Share on StockTwits

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in First Hawaiian Inc (NASDAQ:FHB) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,297 shares of the bank’s stock after buying an additional 875 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Hawaiian were worth $215,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of First Hawaiian by 3.9% during the first quarter. American Century Companies Inc. now owns 7,242,712 shares of the bank’s stock valued at $188,673,000 after purchasing an additional 269,330 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of First Hawaiian by 4.5% during the first quarter. JPMorgan Chase & Co. now owns 4,307,804 shares of the bank’s stock valued at $112,220,000 after acquiring an additional 185,898 shares in the last quarter. AJO LP bought a new stake in shares of First Hawaiian during the first quarter valued at approximately $109,133,000. Villere ST Denis J & Co. LLC increased its position in shares of First Hawaiian by 0.8% during the first quarter. Villere ST Denis J & Co. LLC now owns 3,003,982 shares of the bank’s stock valued at $78,253,000 after acquiring an additional 23,592 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of First Hawaiian by 3.1% during the first quarter. The Manufacturers Life Insurance Company now owns 2,504,613 shares of the bank’s stock valued at $65,245,000 after acquiring an additional 75,287 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

FHB stock traded down $0.24 on Tuesday, hitting $25.31. The company had a trading volume of 24,246 shares, compared to its average volume of 847,464. First Hawaiian Inc has a 12-month low of $21.19 and a 12-month high of $30.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $25.64 and its 200 day simple moving average is $26.24. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 4.26 and a beta of 1.14.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Thursday, July 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. First Hawaiian had a net margin of 31.56% and a return on equity of 11.48%. The company had revenue of $194.39 million for the quarter, compared to analysts’ expectations of $196.31 million. During the same quarter last year, the company posted $0.50 earnings per share. Research analysts forecast that First Hawaiian Inc will post 2.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 26th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Friday, August 23rd. First Hawaiian’s dividend payout ratio is currently 49.76%.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $26.50 to $26.00 in a research report on Monday, July 29th. BidaskClub raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. ValuEngine downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, TheStreet raised shares of First Hawaiian from a “c” rating to a “b-” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target 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.

Read More: How do CD ladders protect against rising interest rates?

Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Hawaiian Inc (NASDAQ:FHB).

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

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.