ValuEngine Lowers First Hawaiian (FHB) to Hold

First Hawaiian (NASDAQ:FHB) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other brokerages have also recently commented on FHB. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Goldman Sachs Group cut First Hawaiian from a “neutral” rating to a “sell” rating and set a $32.00 price target for the company. in a research note on Thursday. Barclays set a $32.00 price target on First Hawaiian and gave the company a “buy” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price target on shares of First Hawaiian in a research note on Friday, December 22nd. Finally, Zacks Investment Research cut First Hawaiian from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, six have assigned 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 target price of $33.14.

Shares of First Hawaiian (NASDAQ:FHB) traded up $0.44 during mid-day trading on Friday, hitting $30.35. The stock had a trading volume of 211,648 shares, compared to its average volume of 341,225. The company has a market cap of $4,180.00 and a PE ratio of 18.51. First Hawaiian has a one year low of $26.30 and a one year high of $34.92.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in First Hawaiian during the 3rd quarter worth approximately $731,000. California Public Employees Retirement System increased its stake in First Hawaiian by 35.5% during the 3rd quarter. California Public Employees Retirement System now owns 63,537 shares of the bank’s stock worth $1,925,000 after purchasing an additional 16,637 shares in the last quarter. Janus Henderson Group PLC increased its stake in First Hawaiian by 8.5% during the 3rd quarter. Janus Henderson Group PLC now owns 4,517,093 shares of the bank’s stock worth $136,823,000 after purchasing an additional 355,208 shares in the last quarter. Jane Street Group LLC bought a new stake in First Hawaiian during the 3rd quarter worth approximately $208,000. Finally, Stifel Financial Corp bought a new stake in First Hawaiian during the 3rd quarter worth approximately $468,000. 35.74% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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