Keefe, Bruyette & Woods reissued their hold rating on shares of First Hawaiian (NASDAQ:FHB) in a research note released on Friday, December 22nd. They currently have a $34.00 target price on the bank’s stock.
A number of other equities research analysts have also recently issued reports on the stock. ValuEngine raised shares of First Hawaiian from a hold rating to a buy rating in a research report on Friday, December 1st. BidaskClub raised shares of First Hawaiian from a hold rating to a buy rating in a research report on Saturday, September 30th. UBS Group upped their price objective on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a neutral rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of First Hawaiian from a hold rating to a sell rating in a research report on Tuesday, September 26th. Finally, Barclays set a $32.00 price objective on shares of First Hawaiian and gave the stock a buy rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $33.29.
First Hawaiian (FHB) traded up $0.83 during midday trading on Friday, hitting $32.21. 435,009 shares of the stock were exchanged, compared to its average volume of 303,779. First Hawaiian has a 12 month low of $26.30 and a 12 month high of $34.68. The firm has a market capitalization of $4,496.06, a P/E ratio of 19.52, a PEG ratio of 2.44 and a beta of 0.77.
First Hawaiian (NASDAQ:FHB) last issued its earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The business had revenue of $133.32 million for the quarter, compared to the consensus estimate of $136.44 million. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. analysts anticipate that First Hawaiian will post 1.63 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in shares of First Hawaiian by 11.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after buying an additional 374 shares in the last quarter. US Bancorp DE bought a new position in shares of First Hawaiian during the 2nd quarter worth approximately $118,000. Jane Street Group LLC bought a new position in shares of First Hawaiian during the 3rd quarter worth approximately $208,000. Aperio Group LLC bought a new position in shares of First Hawaiian during the 3rd quarter worth approximately $210,000. Finally, MUFG Americas Holdings Corp bought a new position in shares of First Hawaiian during the 2nd quarter worth approximately $221,000. 35.74% of the stock is owned by institutional investors.
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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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