Shares of First Hawaiian Inc (NASDAQ:FHB) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.25.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday. ValuEngine lowered First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. TheStreet upgraded First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. BidaskClub upgraded First Hawaiian from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered First Hawaiian from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $26.50 to $26.00 in a report on Monday, July 29th.
Shares of NASDAQ FHB traded up $0.51 during trading on Wednesday, reaching $26.32. The stock had a trading volume of 727,900 shares, compared to its average volume of 983,290. First Hawaiian has a fifty-two week low of $21.19 and a fifty-two week high of $28.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day moving average price is $26.26 and its 200-day moving average price is $26.15. The company has a market cap of $3.50 billion, a P/E ratio of 12.59, a PEG ratio of 4.35 and a beta of 1.15.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. First Hawaiian had a return on equity of 11.48% and a net margin of 31.56%. The business had revenue of $194.39 million during the quarter, compared to analysts’ expectations of $196.31 million. During the same period in the previous year, the firm posted $0.50 earnings per share. Analysts forecast that First Hawaiian will post 2.16 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in First Hawaiian by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,269,765 shares of the bank’s stock worth $317,419,000 after buying an additional 101,289 shares during the last quarter. American Century Companies Inc. lifted its holdings in First Hawaiian by 3.9% during the 1st quarter. American Century Companies Inc. now owns 7,242,712 shares of the bank’s stock worth $188,673,000 after buying an additional 269,330 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Hawaiian by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,464,547 shares of the bank’s stock worth $114,561,000 after buying an additional 156,743 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in First Hawaiian by 3.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,219,674 shares of the bank’s stock worth $83,293,000 after buying an additional 92,929 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC lifted its holdings in First Hawaiian by 1.6% during the 2nd quarter. Villere ST Denis J & Co. LLC now owns 3,052,912 shares of the bank’s stock worth $78,978,000 after buying an additional 48,930 shares during the last quarter. 95.86% of the stock is owned by institutional investors.
First Hawaiian Company Profile
First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.
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