BidaskClub Downgrades First Hawaiian (NASDAQ:FHB) to Hold

BidaskClub downgraded shares of First Hawaiian (NASDAQ:FHB) from a buy rating to a hold rating in a research note released on Saturday, BidAskClub reports.

Several other analysts have also commented on the stock. ValuEngine lowered shares of First Hawaiian from a hold rating to a sell rating in a research report on Tuesday, December 3rd. Sandler O’Neill began coverage on shares of First Hawaiian in a research report on Thursday, December 19th. They issued a hold rating and a $31.00 price objective on the stock. Zacks Investment Research lowered shares of First Hawaiian from a hold rating to a sell rating in a research report on Monday, November 11th. Finally, Wells Fargo & Co set a $25.00 price objective on shares of First Hawaiian and gave the stock a hold rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $27.80.

FHB opened at $28.55 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day moving average is $28.74 and its 200 day moving average is $27.11. First Hawaiian has a fifty-two week low of $23.79 and a fifty-two week high of $29.47. The firm has a market capitalization of $3.74 billion, a P/E ratio of 13.66, a PEG ratio of 4.72 and a beta of 1.15.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $143.10 million for the quarter, compared to analyst estimates of $145.43 million. First Hawaiian had a net margin of 32.03% and a return on equity of 11.41%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. On average, equities research analysts expect that First Hawaiian will post 2.15 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in First Hawaiian during the second quarter valued at approximately $54,000. Tower Research Capital LLC TRC grew its stake in First Hawaiian by 2,019.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,119 shares of the bank’s stock worth $57,000 after buying an additional 2,019 shares in the last quarter. First Interstate Bank purchased a new position in First Hawaiian in the 3rd quarter worth approximately $80,000. Metropolitan Life Insurance Co NY grew its stake in First Hawaiian by 21.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock worth $83,000 after buying an additional 564 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in First Hawaiian in the 2nd quarter worth approximately $85,000. Hedge funds and other institutional investors own 96.85% of the company’s stock.

About First Hawaiian

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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