First Hawaiian (FHB) Upgraded by BidaskClub to Hold

First Hawaiian (NASDAQ:FHB) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research firms have also issued reports on FHB. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price objective on shares of First Hawaiian in a research note on Friday, December 22nd. JPMorgan Chase & Co. lowered First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research note on Friday, January 26th. ValuEngine lowered First Hawaiian from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Barclays dropped their price objective on First Hawaiian from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. First Hawaiian has a consensus rating of “Hold” and an average target price of $32.75.

First Hawaiian (NASDAQ:FHB) traded up $0.02 during trading on Thursday, reaching $27.42. The company’s stock had a trading volume of 289,309 shares, compared to its average volume of 393,606. First Hawaiian has a 1 year low of $26.30 and a 1 year high of $32.52. The firm has a market capitalization of $3,827.53, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.00 and a beta of 0.35.

First Hawaiian (NASDAQ:FHB) last released 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. First Hawaiian had a return on equity of 9.09% and a net margin of 23.80%. The firm had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.40 million. During the same period in the prior year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. sell-side analysts forecast that First Hawaiian will post 1.97 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake 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 valued at $977,000 after buying an additional 1,341 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of First Hawaiian by 35.7% in the third quarter. Eagle Asset Management Inc. now owns 110,795 shares of the bank’s stock valued at $3,357,000 after buying an additional 29,128 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of First Hawaiian by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock valued at $126,981,000 after buying an additional 238,056 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Hawaiian by 28.0% in the second quarter. Wells Fargo & Company MN now owns 69,868 shares of the bank’s stock valued at $2,139,000 after buying an additional 15,298 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of First Hawaiian by 97.0% in the second quarter. California State Teachers Retirement System now owns 97,913 shares of the bank’s stock valued at $2,998,000 after buying an additional 48,213 shares in the last quarter. Institutional investors own 35.92% 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.

Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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