Nationwide Fund Advisors Purchases 22,221 Shares of First Hawaiian Inc (FHB)

Nationwide Fund Advisors boosted its position in First Hawaiian Inc (NYSE:FHB) by 90.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,862 shares of the bank’s stock after purchasing an additional 22,221 shares during the quarter. Nationwide Fund Advisors’ holdings in First Hawaiian were worth $1,435,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FHB. Pacer Advisors Inc. lifted its position in First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock valued at $109,000 after purchasing an additional 374 shares during the last quarter. US Bancorp DE bought a new stake in First Hawaiian in the 2nd quarter valued at about $118,000. UBS Group AG lifted its position in First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,086 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in First Hawaiian by 90.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock valued at $176,000 after purchasing an additional 2,800 shares during the last quarter. Finally, MUFG Americas Holdings Corp bought a new stake in First Hawaiian in the 2nd quarter valued at about $221,000.

Shares of First Hawaiian Inc (NYSE:FHB) opened at 30.15 on Friday. First Hawaiian Inc has a 52-week low of $26.09 and a 52-week high of $35.47. The company has a market capitalization of $4.21 billion and a P/E ratio of 18.84. The firm’s 50 day moving average is $28.96 and its 200-day moving average is $29.12.

First Hawaiian (NYSE:FHB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $131.30 million for the quarter, compared to the consensus estimate of $134.58 million. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that First Hawaiian Inc will post $1.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/20/nationwide-fund-advisors-purchases-22221-shares-of-first-hawaiian-inc-fhb.html.

Several analysts recently weighed in on the stock. Barclays PLC set a $32.00 price objective on shares of First Hawaiian and gave the company a “buy” rating in a research report on Wednesday, October 11th. BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Zacks Investment Research downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. UBS AG reiterated a “neutral” rating and issued a $29.00 price objective (down from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $34.00 price objective (down from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. First Hawaiian has a consensus rating of “Hold” and a consensus price target of $32.33.

About First Hawaiian

First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It o

A number of other large investors have also recently modified their holdings of FHB. Pacer Advisors Inc. lifted its position in First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock valued at $109,000 after purchasing an additional 374 shares during the last quarter. US Bancorp DE bought a new stake in First Hawaiian in the 2nd quarter valued at about $118,000. UBS Group AG lifted its position in First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,086 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in First Hawaiian by 90.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock valued at $176,000 after purchasing an additional 2,800 shares during the last quarter. Finally, MUFG Americas Holdings Corp bought a new stake in First Hawaiian in the 2nd quarter valued at about $221,000.

Shares of First Hawaiian Inc (NYSE:FHB) opened at 30.15 on Friday. First Hawaiian Inc has a 52-week low of $26.09 and a 52-week high of $35.47. The company has a market capitalization of $4.21 billion and a P/E ratio of 18.84. The firm’s 50 day moving average is $28.96 and its 200-day moving average is $29.12.

First Hawaiian (NYSE:FHB) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $131.30 million for the quarter, compared to the consensus estimate of $134.58 million. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that First Hawaiian Inc will post $1.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/20/nationwide-fund-advisors-purchases-22221-shares-of-first-hawaiian-inc-fhb.html.

Several analysts recently weighed in on the stock. Barclays PLC set a $32.00 price objective on shares of First Hawaiian and gave the company a “buy” rating in a research report on Wednesday, October 11th. BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Zacks Investment Research downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. UBS AG reiterated a “neutral” rating and issued a $29.00 price objective (down from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $34.00 price objective (down from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. First Hawaiian has a consensus rating of “Hold” and a consensus price target of $32.33.

About First Hawaiian

First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.

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

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