Marshall Wace LLP Acquires New Position in First Hawaiian Inc (FHB)

Marshall Wace LLP acquired a new position in First Hawaiian Inc (NASDAQ:FHB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 831,876 shares of the bank’s stock, valued at approximately $22,594,000. Marshall Wace LLP owned 0.62% of First Hawaiian as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA boosted its stake in shares of First Hawaiian by 106.4% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,570 shares of the bank’s stock worth $104,000 after acquiring an additional 1,840 shares during the period. Advisors Asset Management Inc. lifted its position in shares of First Hawaiian by 87.9% in the third quarter. Advisors Asset Management Inc. now owns 4,395 shares of the bank’s stock worth $119,000 after buying an additional 2,056 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of First Hawaiian in the second quarter worth about $148,000. SG Americas Securities LLC purchased a new stake in shares of First Hawaiian in the second quarter worth about $175,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First Hawaiian by 64.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,460 shares of the bank’s stock worth $175,000 after buying an additional 2,524 shares in the last quarter. 78.57% of the stock is owned by hedge funds and other institutional investors.

In other First Hawaiian news, Director Paribas Bnp sold 20,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $28.70, for a total transaction of $574,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

NASDAQ:FHB opened at $24.55 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.27 billion, a P/E ratio of 12.57, a PEG ratio of 1.73 and a beta of 0.77. First Hawaiian Inc has a 12 month low of $22.91 and a 12 month high of $32.36.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, October 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. First Hawaiian had a return on equity of 10.79% and a net margin of 26.14%. The business had revenue of $188.66 million for the quarter, compared to the consensus estimate of $193.89 million. On average, equities research analysts anticipate that First Hawaiian Inc will post 2.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Monday, November 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 3.91%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.18%.

A number of research firms recently commented on FHB. Citigroup decreased their target price on First Hawaiian from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, October 29th. BidaskClub downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co set a $29.00 target price on First Hawaiian and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. First Hawaiian has a consensus rating of “Hold” and an average target price of $31.44.

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First Hawaiian Company 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 through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

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

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