First Hawaiian Inc (FHB) Lowered to Hold at BidaskClub

BidaskClub cut shares of First Hawaiian Inc (NYSE:FHB) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other research firms also recently commented on FHB. UBS AG restated a neutral rating and issued a $29.00 price target (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of First Hawaiian from a hold rating to a sell rating in a research report on Tuesday, September 26th. Finally, Bank of America Corporation restated a neutral rating and issued a $34.00 price target (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. First Hawaiian presently has an average rating of Hold and a consensus price target of $32.83.

Shares of First Hawaiian (FHB) opened at 30.01 on Friday. The firm has a 50-day moving average of $29.23 and a 200 day moving average of $29.23. First Hawaiian has a 52 week low of $25.80 and a 52 week high of $35.47. The company has a market cap of $4.19 billion and a P/E ratio of 18.76.

First Hawaiian (NYSE:FHB) last posted its earnings results on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The business had revenue of $131.30 million for the quarter, compared to the consensus estimate of $134.58 million. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that First Hawaiian will post $1.66 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after purchasing an additional 374 shares during the period. US Bancorp DE acquired a new position in shares of First Hawaiian in the 2nd quarter worth approximately $118,000. UBS Group AG lifted its position in shares of First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock worth $122,000 after purchasing an additional 3,086 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of First Hawaiian by 90.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock worth $176,000 after purchasing an additional 2,800 shares during the period. Finally, MUFG Americas Holdings Corp acquired a new position in shares of First Hawaiian in the 2nd quarter worth approximately $221,000

Several other research firms also recently commented on FHB. UBS AG restated a neutral rating and issued a $29.00 price target (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of First Hawaiian from a hold rating to a sell rating in a research report on Tuesday, September 26th. Finally, Bank of America Corporation restated a neutral rating and issued a $34.00 price target (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. First Hawaiian presently has an average rating of Hold and a consensus price target of $32.83.

Shares of First Hawaiian (FHB) opened at 30.01 on Friday. The firm has a 50-day moving average of $29.23 and a 200 day moving average of $29.23. First Hawaiian has a 52 week low of $25.80 and a 52 week high of $35.47. The company has a market cap of $4.19 billion and a P/E ratio of 18.76.

First Hawaiian (NYSE:FHB) last posted its earnings results on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The business had revenue of $131.30 million for the quarter, compared to the consensus estimate of $134.58 million. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that First Hawaiian will post $1.66 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/first-hawaiian-inc-fhb-lowered-to-hold-at-bidaskclub.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after purchasing an additional 374 shares during the period. US Bancorp DE acquired a new position in shares of First Hawaiian in the 2nd quarter worth approximately $118,000. UBS Group AG lifted its position in shares of First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock worth $122,000 after purchasing an additional 3,086 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of First Hawaiian by 90.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock worth $176,000 after purchasing an additional 2,800 shares during the period. Finally, MUFG Americas Holdings Corp acquired a new position in shares of First Hawaiian in the 2nd quarter worth approximately $221,000.

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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