First Hawaiian Inc (FHB) Receives Consensus Rating of “Hold” from Analysts
Shares of First Hawaiian Inc (NYSE:FHB) have earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.20.
Several research analysts recently weighed in on FHB shares. Zacks Investment Research lowered First Hawaiian from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub raised First Hawaiian from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Barclays PLC set a $32.00 target price on First Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $29.00 target price (down from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st.
Shares of First Hawaiian (NYSE FHB) opened at 29.24 on Wednesday. First Hawaiian has a 52 week low of $26.27 and a 52 week high of $35.47. The stock has a 50 day moving average price of $29.51 and a 200-day moving average price of $29.16. The firm has a market capitalization of $4.08 billion and a PE ratio of 18.27.
First Hawaiian (NYSE:FHB) last issued its earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $133.32 million for the quarter, compared to analyst estimates of $136.44 million. First Hawaiian had a return on equity of 9.12% and a net margin of 32.09%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Equities analysts anticipate that First Hawaiian will post $1.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, November 24th.
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Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its holdings in First Hawaiian by 4.4% in 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. Vanguard Group Inc. increased its holdings in First Hawaiian by 149.2% in the 1st quarter. Vanguard Group Inc. now owns 3,908,897 shares of the bank’s stock valued at $116,954,000 after purchasing an additional 2,340,324 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in First Hawaiian in the 1st quarter valued at $10,068,000. First Trust Advisors LP increased its holdings in First Hawaiian by 130.7% in the 2nd quarter. First Trust Advisors LP now owns 218,682 shares of the bank’s stock valued at $6,696,000 after purchasing an additional 123,894 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in First Hawaiian by 354.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 331,545 shares of the bank’s stock valued at $10,152,000 after purchasing an additional 258,610 shares in the last quarter.
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.
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