Stevens Capital Management LP Acquires 9,408 Shares of First Hawaiian, Inc. (FHB)

Stevens Capital Management LP raised its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 45.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,106 shares of the bank’s stock after buying an additional 9,408 shares during the period. Stevens Capital Management LP’s holdings in First Hawaiian were worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FHB. Villere ST Denis J & Co. LLC increased its stake in shares of First Hawaiian by 7.4% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 1,710,643 shares of the bank’s stock worth $51,815,000 after purchasing an additional 118,497 shares during the last quarter. Aperio Group LLC acquired a new position in shares of First Hawaiian during the 3rd quarter worth about $210,000. Public Employees Retirement System of Ohio increased its stake in shares of First Hawaiian by 60.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,818 shares of the bank’s stock worth $1,189,000 after purchasing an additional 14,698 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of First Hawaiian during the 2nd quarter worth about $240,000. Finally, Susquehanna International Group LLP acquired a new position in shares of First Hawaiian during the 2nd quarter worth about $390,000. Hedge funds and other institutional investors own 35.76% of the company’s stock.

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Shares of First Hawaiian, Inc. (NASDAQ FHB) opened at $28.07 on Wednesday. The company has a market cap of $3,933.54, a PE ratio of 17.18, a P/E/G ratio of 4.70 and a beta of 0.84. First Hawaiian, Inc. has a twelve month low of $26.30 and a twelve month high of $35.47.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $133.32 million during the quarter, compared to the consensus estimate of $136.44 million. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. First Hawaiian’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. equities analysts predict that First Hawaiian, Inc. will post 1.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, November 24th. First Hawaiian’s payout ratio is 53.33%.

Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. UBS AG restated a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of First Hawaiian in a research note on Monday, July 31st. Zacks Investment Research lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Barclays PLC set a $32.00 price objective on shares of First Hawaiian and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. First Hawaiian currently has an average rating of “Hold” and an average target price of $32.50.

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.

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

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