Yacktman Asset Management LP Purchases 5,812 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Yacktman Asset Management LP increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,936,687 shares of the bank’s stock after acquiring an additional 5,812 shares during the period. Yacktman Asset Management LP’s holdings in First Hawaiian were worth $44,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FHB. The Manufacturers Life Insurance Company grew its stake in shares of First Hawaiian by 17.8% during the third quarter. The Manufacturers Life Insurance Company now owns 10,351,384 shares of the bank’s stock worth $186,842,000 after acquiring an additional 1,561,662 shares during the last quarter. Reinhart Partners LLC. increased its stake in First Hawaiian by 10.2% during the 4th quarter. Reinhart Partners LLC. now owns 2,251,009 shares of the bank’s stock valued at $51,458,000 after purchasing an additional 207,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First Hawaiian by 12.4% in the third quarter. Bank of New York Mellon Corp now owns 1,879,410 shares of the bank’s stock worth $33,923,000 after buying an additional 207,383 shares during the last quarter. Northern Trust Corp lifted its stake in shares of First Hawaiian by 6.0% during the third quarter. Northern Trust Corp now owns 1,428,756 shares of the bank’s stock worth $25,789,000 after buying an additional 80,243 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of First Hawaiian by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,425,166 shares of the bank’s stock worth $25,724,000 after buying an additional 110,347 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded First Hawaiian to a “sell” rating in a research note on Friday, January 19th. Wells Fargo & Company lifted their target price on First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, Barclays started coverage on shares of First Hawaiian in a report on Friday, March 8th. They issued an “equal weight” rating and a $25.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to MarketBeat.com, First Hawaiian has an average rating of “Reduce” and a consensus target price of $21.60.

First Hawaiian Trading Up 0.2 %

FHB traded up $0.05 during midday trading on Friday, hitting $22.12. 383,071 shares of the company were exchanged, compared to its average volume of 689,038. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.99 and a beta of 1.01. The company’s 50 day simple moving average is $21.30 and its 200 day simple moving average is $20.75. First Hawaiian, Inc. has a 1-year low of $15.08 and a 1-year high of $23.22.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, January 26th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). First Hawaiian had a net margin of 20.90% and a return on equity of 9.87%. The company had revenue of $210.14 million for the quarter, compared to analysts’ expectations of $201.09 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, equities analysts anticipate that First Hawaiian, Inc. will post 1.69 EPS for the current year.

First Hawaiian Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and 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 offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.