Reinhart Partners Inc. Grows Position in First Hawaiian Inc (NASDAQ:FHB)

Reinhart Partners Inc. boosted its stake in shares of First Hawaiian Inc (NASDAQ:FHB) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 219,744 shares of the bank’s stock after purchasing an additional 706 shares during the period. Reinhart Partners Inc. owned about 0.17% of First Hawaiian worth $5,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FHB. BTIM Corp. raised its holdings in First Hawaiian by 21.0% during the second quarter. BTIM Corp. now owns 748,517 shares of the bank’s stock valued at $19,364,000 after acquiring an additional 130,146 shares during the period. Comerica Bank raised its holdings in First Hawaiian by 6.8% during the second quarter. Comerica Bank now owns 408,619 shares of the bank’s stock valued at $10,273,000 after acquiring an additional 25,964 shares during the period. Trexquant Investment LP bought a new stake in First Hawaiian during the second quarter valued at about $308,000. Fenimore Asset Management Inc. raised its holdings in First Hawaiian by 330.6% during the second quarter. Fenimore Asset Management Inc. now owns 200,966 shares of the bank’s stock valued at $5,199,000 after acquiring an additional 154,295 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in First Hawaiian during the third quarter valued at about $6,042,000. Institutional investors own 97.71% of the company’s stock.

Shares of NASDAQ:FHB traded up $0.13 during trading hours on Friday, hitting $28.92. 565,400 shares of the company’s stock traded hands, compared to its average volume of 938,806. The business has a fifty day moving average price of $27.29 and a 200-day moving average price of $26.35. The firm has a market capitalization of $3.71 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 4.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. First Hawaiian Inc has a 1 year low of $21.19 and a 1 year high of $29.01.

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First Hawaiian (NASDAQ:FHB) last released its earnings results on Thursday, October 24th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. First Hawaiian had a return on equity of 11.41% and a net margin of 32.03%. The firm had revenue of $143.10 million for the quarter, compared to the consensus estimate of $145.43 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that First Hawaiian Inc will post 2.16 earnings per share for the current year.

A number of equities research analysts have commented on the company. TheStreet raised First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. Zacks Investment Research cut First Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. cut First Hawaiian from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $26.50 to $26.00 in a report on Monday, July 29th. BidaskClub cut First Hawaiian from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Co set a $25.00 target price on First Hawaiian and gave the stock a “hold” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.00.

About First Hawaiian

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.

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

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