First Hawaiian (FHB) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of First Hawaiian (NASDAQ: FHB) in the last few weeks:

  • 3/13/2018 – First Hawaiian was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “
  • 3/13/2018 – First Hawaiian was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating.
  • 3/9/2018 – First Hawaiian was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/5/2018 – First Hawaiian was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “
  • 3/2/2018 – First Hawaiian was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “
  • 2/8/2018 – First Hawaiian was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/31/2018 – First Hawaiian was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/26/2018 – First Hawaiian had its price target lowered by analysts at Barclays PLC from $36.00 to $33.00. They now have an “overweight” rating on the stock.
  • 1/26/2018 – First Hawaiian was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $32.00 price target on the stock.
  • 1/24/2018 – First Hawaiian had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $32.00 price target on the stock.

First Hawaiian Inc (FHB) traded up $0.36 on Friday, reaching $29.61. The company’s stock had a trading volume of 107,035 shares, compared to its average volume of 357,017. The company has a market cap of $4,083.33, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.13 and a beta of 0.48. First Hawaiian Inc has a fifty-two week low of $26.30 and a fifty-two week high of $32.36.

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First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.40 million. First Hawaiian had a return on equity of 9.10% and a net margin of 23.80%. First Hawaiian’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS. research analysts expect that First Hawaiian Inc will post 1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were given a dividend of $0.24 per share. This is a positive change from First Hawaiian’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 3.24%. First Hawaiian’s dividend payout ratio is presently 72.73%.

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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