Voya Investment Management LLC Has $4.78 Million Holdings in First Hawaiian Inc (FHB)

Voya Investment Management LLC raised its stake in First Hawaiian Inc (NYSE:FHB) by 1,861.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,094 shares of the bank’s stock after buying an additional 148,135 shares during the period. Voya Investment Management LLC owned about 0.11% of First Hawaiian worth $4,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FHB. Legal & General Group Plc boosted its position in shares of First Hawaiian by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 11,233 shares of the bank’s stock valued at $344,000 after purchasing an additional 370 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of First Hawaiian by 11.8% during 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of First Hawaiian by 6.4% during the 2nd quarter. Principal Financial Group Inc. now owns 9,130 shares of the bank’s stock valued at $280,000 after purchasing an additional 546 shares in the last quarter. Cadinha & Co. LLC boosted its position in shares of First Hawaiian by 5.6% during the 2nd quarter. Cadinha & Co. LLC now owns 11,310 shares of the bank’s stock valued at $346,000 after purchasing an additional 600 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of First Hawaiian by 4.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,922 shares of the bank’s stock valued at $977,000 after purchasing an additional 1,341 shares in the last quarter.

First Hawaiian (NYSE:FHB) last posted its 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 company had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $134.58 million. First Hawaiian had a return on equity of 9.02% and a net margin of 31.59%. The firm’s revenue was up 1.5% compared to the same quarter last year.

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Several brokerages recently commented on FHB. Bank of America Corporation restated a “neutral” rating and set a $34.00 target price (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Barclays PLC set a $32.00 target price on First Hawaiian and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS AG restated a “neutral” rating and set a $29.00 target price (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.33.

First Hawaiian Profile

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.

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

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