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

Yacktman Asset Management LP boosted its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,936,687 shares of the bank’s stock after buying an additional 5,812 shares during the period. Yacktman Asset Management LP owned 1.52% of First Hawaiian worth $44,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in First Hawaiian in the fourth quarter worth $37,000. Signaturefd LLC grew its position in shares of First Hawaiian by 26.9% in the 4th quarter. Signaturefd LLC now owns 6,232 shares of the bank’s stock worth $142,000 after buying an additional 1,320 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of First Hawaiian in the 4th quarter worth about $417,000. Louisiana State Employees Retirement System purchased a new position in First Hawaiian during the 4th quarter valued at about $1,458,000. Finally, Janiczek Wealth Management LLC boosted its stake in First Hawaiian by 22.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 8,628 shares of the bank’s stock worth $197,000 after acquiring an additional 1,595 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Up 0.2 %

NASDAQ:FHB traded up $0.05 during mid-day trading on Friday, reaching $22.12. The company’s stock had a trading volume of 383,071 shares, compared to its average volume of 689,038. The firm’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $20.75. The stock has a market cap of $2.82 billion, a P/E ratio of 11.99 and a beta of 1.01. First Hawaiian, Inc. has a 12-month low of $15.08 and a 12-month high of $23.22.

First Hawaiian (NASDAQ:FHB) last released 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). The firm had revenue of $210.14 million for the quarter, compared to the consensus estimate of $201.09 million. First Hawaiian had a net margin of 20.90% and a return on equity of 9.87%. During the same period in the previous year, the company earned $0.62 earnings per share. Analysts predict that First Hawaiian, Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

First Hawaiian Company 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.