First Hawaiian (NASDAQ:FHB) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other equities research analysts have also recently weighed in on the company. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. UBS raised their price target on First Hawaiian from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research raised First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Barclays set a $32.00 price target on First Hawaiian and gave the company a “buy” rating in a report on Wednesday, October 11th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. First Hawaiian presently has an average rating of “Hold” and a consensus target price of $32.50.

First Hawaiian (NASDAQ FHB) traded up $0.35 during mid-day trading on Friday, reaching $29.62. The company had a trading volume of 249,586 shares, compared to its average volume of 194,551. First Hawaiian has a 12-month low of $26.30 and a 12-month high of $35.47. The firm has a market cap of $4,134.54, a PE ratio of 18.06, a price-to-earnings-growth ratio of 4.94 and a beta of 0.78.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. First Hawaiian had a return on equity of 9.02% and a net margin of 30.22%. The firm had revenue of $133.32 million during the quarter, compared to analysts’ expectations of $136.44 million. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was up 8.7% on a year-over-year basis. equities analysts expect that First Hawaiian will post 1.63 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in FHB. Pacer Advisors Inc. boosted 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 buying an additional 374 shares during the last quarter. US Bancorp DE bought a new position in First Hawaiian in the 2nd quarter valued at $118,000. UBS Group AG boosted 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 buying an additional 3,086 shares during the last quarter. Jane Street Group LLC bought a new position in First Hawaiian in the 3rd quarter valued at $208,000. Finally, Aperio Group LLC bought a new position in First Hawaiian in the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 35.72% of the company’s stock.

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First Hawaiian Company 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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