First Hawaiian Inc (NASDAQ:FHB) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.75.
FHB has been the subject of several research reports. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. UBS Group lifted their price objective on First Hawaiian from $29.00 to $30.00 and gave the stock 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. ValuEngine raised First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price target on shares of First Hawaiian in a report on Friday, December 22nd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of First Hawaiian by 6.4% in the second quarter. Principal Financial Group Inc. now owns 9,130 shares of the bank’s stock worth $280,000 after acquiring an additional 546 shares during the last quarter. AHL Partners LLP raised its holdings in shares of First Hawaiian by 2.5% in the second quarter. AHL Partners LLP now owns 44,842 shares of the bank’s stock worth $1,373,000 after acquiring an additional 1,079 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of First Hawaiian by 4.4% in the second quarter. UBS Asset Management Americas Inc. now owns 31,922 shares of the bank’s stock worth $977,000 after acquiring an additional 1,341 shares during the last quarter. Sei Investments Co. raised its holdings in shares of First Hawaiian by 1.7% in the third quarter. Sei Investments Co. now owns 163,637 shares of the bank’s stock worth $4,957,000 after acquiring an additional 2,735 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of First Hawaiian by 12.3% in the third quarter. Russell Investments Group Ltd. now owns 26,168 shares of the bank’s stock worth $792,000 after acquiring an additional 2,860 shares during the last quarter. 35.92% of the stock is owned by institutional investors.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $134.90 million during the quarter, compared to analysts’ expectations of $135.40 million. First Hawaiian had a return on equity of 9.09% and a net margin of 23.80%. First Hawaiian’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. research analysts predict that First Hawaiian will post 1.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from First Hawaiian’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, February 23rd. First Hawaiian’s payout ratio is 66.67%.
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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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