First Hawaiian (NASDAQ:FHB) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.
Several other research firms also recently issued reports on FHB. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of First Hawaiian in a report on Friday, December 22nd. JPMorgan Chase & Co. downgraded First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a report on Friday, January 26th. ValuEngine downgraded First Hawaiian from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Monday, March 5th. Finally, Barclays reduced their price objective on First Hawaiian from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. First Hawaiian presently has an average rating of “Hold” and an average price target of $32.38.
First Hawaiian (FHB) opened at $29.21 on Friday. The company has a market capitalization of $4,077.75, a P/E ratio of 22.13, a PEG ratio of 2.13 and a beta of 0.48. First Hawaiian has a 1-year low of $26.30 and a 1-year high of $32.36.
First Hawaiian (NASDAQ:FHB) last announced its earnings results on Thursday, January 25th. The bank reported $0.42 EPS for the quarter, topping the 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 return on equity of 9.10% and a net margin of 23.80%. First Hawaiian’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. equities research analysts anticipate that First Hawaiian will post 1.97 EPS for the current year.
Several institutional investors have recently modified their holdings of FHB. State of Alaska Department of Revenue bought a new stake in shares of First Hawaiian during the 4th quarter valued at $137,000. Jane Street Group LLC bought a new stake in shares of First Hawaiian in the 3rd quarter valued at $208,000. Aperio Group LLC bought a new stake in shares of First Hawaiian in the 3rd quarter valued at $210,000. Cadence Capital Management LLC bought a new stake in shares of First Hawaiian in the 3rd quarter valued at $245,000. Finally, Koch Industries Inc. bought a new stake in shares of First Hawaiian in the 4th quarter valued at $251,000. Institutional investors own 36.30% of the company’s stock.
About First Hawaiian
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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