Fenimore Asset Management Inc. Purchases 154,295 Shares of First Hawaiian Inc (NASDAQ:FHB)

Fenimore Asset Management Inc. grew its stake in First Hawaiian Inc (NASDAQ:FHB) by 330.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 200,966 shares of the bank’s stock after buying an additional 154,295 shares during the quarter. Fenimore Asset Management Inc. owned 0.15% of First Hawaiian worth $5,199,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FHB. Copper Rock Capital Partners LLC lifted its position in shares of First Hawaiian by 11.8% in the second quarter. Copper Rock Capital Partners LLC now owns 748,027 shares of the bank’s stock valued at $19,351,000 after acquiring an additional 79,077 shares in the last quarter. WINTON GROUP Ltd purchased a new position in First Hawaiian during the second quarter worth about $328,000. Metropolitan Life Insurance Co NY lifted its position in First Hawaiian by 21.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock worth $83,000 after buying an additional 564 shares during the period. Nordea Investment Management AB lifted its position in First Hawaiian by 3.4% during the first quarter. Nordea Investment Management AB now owns 95,400 shares of the bank’s stock worth $2,485,000 after buying an additional 3,100 shares during the period. Finally, Cerebellum GP LLC purchased a new position in First Hawaiian during the first quarter worth about $327,000. Institutional investors and hedge funds own 99.16% of the company’s stock.

Shares of First Hawaiian stock opened at $24.70 on Friday. The stock has a market cap of $3.36 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 4.25 and a beta of 1.14. The business has a fifty day simple moving average of $25.68 and a 200-day simple moving average of $26.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. First Hawaiian Inc has a 12 month low of $21.19 and a 12 month high of $30.02.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm 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. Analysts expect that First Hawaiian Inc will post 2.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be paid a $0.26 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.21%. First Hawaiian’s payout ratio is presently 49.76%.

Several research firms recently weighed in on FHB. JPMorgan Chase & Co. downgraded 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 research report on Monday, July 29th. TheStreet upgraded First Hawaiian from a “c” rating to a “b-” rating in a research note on Monday, August 5th. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine lowered First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. First Hawaiian presently has an average rating of “Hold” and an average target price of $27.80.

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 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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