Nuveen Asset Management LLC Takes Position in First Hawaiian Inc (NASDAQ:FHB)

Nuveen Asset Management LLC bought a new stake in First Hawaiian Inc (NASDAQ:FHB) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 468,755 shares of the bank’s stock, valued at approximately $12,127,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP acquired a new stake in shares of First Hawaiian in the second quarter valued at approximately $21,074,000. AQR Capital Management LLC increased its holdings in shares of First Hawaiian by 67.0% in the second quarter. AQR Capital Management LLC now owns 1,321,803 shares of the bank’s stock valued at $34,169,000 after purchasing an additional 530,158 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of First Hawaiian in the first quarter valued at approximately $13,436,000. Victory Capital Management Inc. increased its holdings in shares of First Hawaiian by 93.3% in the second quarter. Victory Capital Management Inc. now owns 1,051,200 shares of the bank’s stock valued at $27,195,000 after purchasing an additional 507,300 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of First Hawaiian by 20.7% in the second quarter. Wells Fargo & Company MN now owns 2,815,790 shares of the bank’s stock valued at $72,844,000 after purchasing an additional 483,658 shares during the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

FHB stock opened at $26.78 on Friday. The business has a fifty day moving average of $26.31 and a two-hundred day moving average of $26.17. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 4.35 and a beta of 1.15. First Hawaiian Inc has a 52-week low of $21.19 and a 52-week high of $28.20.



First Hawaiian (NASDAQ:FHB) last posted its earnings results on Thursday, July 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $194.39 million during the quarter, compared to analysts’ expectations of $196.31 million. First Hawaiian had a return on equity of 11.48% and a net margin of 31.56%. During the same quarter last year, the firm earned $0.50 earnings per share. As a group, sell-side analysts anticipate that First Hawaiian Inc will post 2.16 EPS for the current year.

Several equities research analysts recently commented on FHB shares. Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday. TheStreet raised First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. cut First Hawaiian from a “neutral” rating to an “underweight” rating and cut their price target for the company from $26.50 to $26.00 in a report on Monday, July 29th. Finally, ValuEngine cut First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.25.

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: Market Timing

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.