The AHL Partners LLP Purchases 1,079 Shares of First Hawaiian Inc (FHB)

The AHL Partners LLP Purchases 1,079 Shares of First Hawaiian Inc (FHB)

AHL Partners LLP grew its position in shares of First Hawaiian Inc (NYSE:FHB) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,842 shares of the bank’s stock after buying an additional 1,079 shares during the period. AHL Partners LLP’s holdings in First Hawaiian were worth $1,373,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FHB. Vanguard Group Inc. increased its position in First Hawaiian by 149.2% during the 1st quarter. Vanguard Group Inc. now owns 3,908,897 shares of the bank’s stock worth $116,954,000 after buying an additional 2,340,324 shares during the period. FMR LLC increased its position in First Hawaiian by 222.8% during the 2nd quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock worth $53,627,000 after buying an additional 1,208,748 shares during the period. Bank of New York Mellon Corp increased its position in First Hawaiian by 272.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 898,095 shares of the bank’s stock worth $27,499,000 after buying an additional 656,786 shares during the period. JPMorgan Chase & Co. increased its position in First Hawaiian by 19.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,647,583 shares of the bank’s stock worth $111,689,000 after buying an additional 597,492 shares during the period. Finally, Sapience Investments LLC increased its position in First Hawaiian by 3,227.7% during the 2nd quarter. Sapience Investments LLC now owns 502,489 shares of the bank’s stock worth $15,386,000 after buying an additional 487,389 shares during the period.

First Hawaiian Inc (FHB) opened at 29.69 on Friday. The company has a market cap of $4.14 billion and a PE ratio of 18.56. First Hawaiian Inc has a 12 month low of $26.09 and a 12 month high of $35.47. The company has a 50 day moving average price of $29.28 and a 200-day moving average price of $29.32.

First Hawaiian (NYSE:FHB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. The firm had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $134.58 million. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts predict that First Hawaiian Inc will post $1.65 earnings per share for the current fiscal year.

FHB has been the topic of several recent research reports. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Tuesday, July 4th. BidaskClub upgraded First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Barclays PLC set a $32.00 price objective on First Hawaiian and gave the stock a “buy” rating in a research report on Wednesday. UBS AG reiterated a “neutral” rating and set a $29.00 price objective (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $34.00 price objective (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. First Hawaiian currently has a consensus rating of “Hold” and a consensus price target of $32.33.

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.

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 (NYSE:FHB).

Related posts

Leave a Comment