First Hawaiian (NASDAQ:FHB – Get Rating) announced its quarterly earnings data on Friday. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03, MarketWatch Earnings reports. First Hawaiian had a return on equity of 10.36% and a net margin of 36.19%. During the same quarter in the previous year, the firm earned $0.44 EPS.
Shares of NASDAQ FHB traded down $1.05 during trading hours on Friday, reaching $26.44. The stock had a trading volume of 18,008 shares, compared to its average volume of 622,986. The business’s fifty day moving average is $28.25 and its two-hundred day moving average is $28.32. First Hawaiian has a twelve month low of $24.75 and a twelve month high of $31.16. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 13.41 and a beta of 1.09.
Several hedge funds have recently made changes to their positions in FHB. Metropolitan Life Insurance Co NY acquired a new position in First Hawaiian in the fourth quarter valued at about $70,000. Squarepoint Ops LLC acquired a new stake in First Hawaiian in the 4th quarter valued at approximately $258,000. LPL Financial LLC raised its position in First Hawaiian by 23.6% in the 4th quarter. LPL Financial LLC now owns 11,092 shares of the bank’s stock valued at $303,000 after buying an additional 2,119 shares during the last quarter. Citadel Advisors LLC grew its stake in First Hawaiian by 323.2% in the fourth quarter. Citadel Advisors LLC now owns 25,814 shares of the bank’s stock valued at $706,000 after purchasing an additional 19,714 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in First Hawaiian by 8.7% in the third quarter. Royal Bank of Canada now owns 27,208 shares of the bank’s stock valued at $798,000 after purchasing an additional 2,182 shares in the last quarter.
About First Hawaiian (Get Rating)
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 through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.
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