First Hawaiian (NASDAQ:FHB) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Tuesday.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, January 9th. ValuEngine upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. cut First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Friday, January 26th. Goldman Sachs Group cut First Hawaiian from a “neutral” rating to a “sell” rating and set a $32.00 price objective for the company. in a report on Thursday, January 4th. Finally, Barclays boosted their price objective on First Hawaiian from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. First Hawaiian has an average rating of “Hold” and an average price target of $32.38.
First Hawaiian (NASDAQ:FHB) opened at $29.25 on Tuesday. The stock has a market cap of $3,996.78, a PE ratio of 22.16, a P/E/G ratio of 2.08 and a beta of 0.48. First Hawaiian has a 52-week low of $26.30 and a 52-week high of $32.36.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business had revenue of $134.90 million for the quarter, compared to the consensus estimate of $135.40 million. First Hawaiian had a net margin of 23.80% and a return on equity of 9.10%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. equities research analysts expect that First Hawaiian will post 1.97 earnings per share for the current year.
A number of large investors have recently made changes to their positions in FHB. Aperio Group LLC bought a new stake in First Hawaiian during the 3rd quarter worth about $210,000. Stevens Capital Management LP raised its holdings in First Hawaiian by 45.5% during the 3rd quarter. Stevens Capital Management LP now owns 30,106 shares of the bank’s stock worth $912,000 after purchasing an additional 9,408 shares during the last quarter. American Century Companies Inc. raised its holdings in First Hawaiian by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 938,825 shares of the bank’s stock worth $28,437,000 after purchasing an additional 95,902 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in First Hawaiian by 17.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 73,275 shares of the bank’s stock worth $2,220,000 after purchasing an additional 10,974 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of First Hawaiian by 1.7% in the 3rd quarter. Sei Investments Co. now owns 163,637 shares of the bank’s stock valued at $4,957,000 after acquiring an additional 2,735 shares during the last quarter. 36.30% of the stock is owned by hedge funds and other institutional investors.
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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.
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