International Assets Investment Management LLC Buys Shares of 21,511 First Hawaiian, Inc. (NASDAQ:FHB)

International Assets Investment Management LLC purchased a new stake in First Hawaiian, Inc. (NASDAQ:FHB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,511 shares of the bank’s stock, valued at approximately $492,000.

A number of other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of First Hawaiian by 17.8% in the third quarter. The Manufacturers Life Insurance Company now owns 10,351,384 shares of the bank’s stock valued at $186,842,000 after purchasing an additional 1,561,662 shares during the period. Reinhart Partners LLC. raised its stake in First Hawaiian by 10.2% in the fourth quarter. Reinhart Partners LLC. now owns 2,251,009 shares of the bank’s stock worth $51,458,000 after buying an additional 207,652 shares in the last quarter. Yacktman Asset Management LP raised its stake in First Hawaiian by 0.4% in the third quarter. Yacktman Asset Management LP now owns 1,930,875 shares of the bank’s stock worth $34,852,000 after buying an additional 6,768 shares in the last quarter. Bank of New York Mellon Corp raised its stake in First Hawaiian by 12.4% in the third quarter. Bank of New York Mellon Corp now owns 1,879,410 shares of the bank’s stock worth $33,923,000 after buying an additional 207,383 shares in the last quarter. Finally, Northern Trust Corp raised its stake in First Hawaiian by 6.0% in the third quarter. Northern Trust Corp now owns 1,428,756 shares of the bank’s stock worth $25,789,000 after buying an additional 80,243 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. StockNews.com raised shares of First Hawaiian to a “sell” rating in a research note on Friday, January 19th. Finally, Barclays assumed coverage on shares of First Hawaiian in a research note on Friday, March 8th. They issued an “equal weight” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $21.60.

First Hawaiian Trading Down 0.6 %

Shares of FHB stock opened at $22.07 on Friday. The business’s fifty day simple moving average is $21.30 and its 200-day simple moving average is $20.75. The company has a market cap of $2.82 billion, a PE ratio of 11.99 and a beta of 1.01. First Hawaiian, Inc. has a 12-month low of $15.08 and a 12-month high of $23.22.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The business had revenue of $210.14 million for the quarter, compared to analyst estimates of $201.09 million. First Hawaiian had a return on equity of 9.87% and a net margin of 20.90%. During the same period in the previous year, the company posted $0.62 earnings per share. On average, equities analysts forecast that First Hawaiian, Inc. will post 1.69 earnings per share for the current year.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and 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 offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.