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. “
Several other equities research analysts have also recently issued reports on the company. UBS Group cut First Hawaiian from a neutral rating to a sell rating and lowered their price objective for the stock from $15.00 to $13.00 in a report on Monday, June 29th. Wells Fargo & Co downgraded First Hawaiian from an equal weight rating to an underweight rating and reduced their price objective for the company from $16.00 to $13.00 in a research note on Tuesday, July 7th. Bank of America raised shares of First Hawaiian from a neutral rating to a buy rating and lifted their target price for the stock from $19.00 to $23.00 in a research note on Monday, June 8th. Compass Point upgraded shares of First Hawaiian from a neutral rating to a buy rating and set a $21.00 price target on the stock in a research report on Monday, April 27th. Finally, Keefe, Bruyette & Woods cut First Hawaiian from an outperform rating to a market perform rating and set a $22.00 target price on the stock. in a report on Wednesday, April 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. First Hawaiian has a consensus rating of Hold and a consensus target price of $20.43.
Shares of NASDAQ:FHB opened at $17.38 on Wednesday. The business’s 50 day moving average price is $16.93 and its 200-day moving average price is $20.09. First Hawaiian has a 1 year low of $13.56 and a 1 year high of $31.25. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 11.36 and a beta of 1.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, July 24th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). First Hawaiian had a net margin of 24.42% and a return on equity of 7.77%. The company had revenue of $173.48 million for the quarter, compared to analysts’ expectations of $179.45 million. During the same period in the previous year, the business earned $0.54 earnings per share. On average, sell-side analysts expect that First Hawaiian will post 1.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 annualized dividend and a yield of 5.98%. First Hawaiian’s dividend payout ratio (DPR) is 47.49%.
In related news, CFO Ravi Mallela acquired 3,290 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $14.87 per share, with a total value of $48,922.30. Company insiders own 0.57% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of First Hawaiian by 10.8% during the 2nd quarter. Comerica Bank now owns 459,796 shares of the bank’s stock valued at $8,244,000 after acquiring an additional 44,803 shares during the last quarter. UBS Group AG grew its holdings in First Hawaiian by 146.0% in the second quarter. UBS Group AG now owns 115,429 shares of the bank’s stock valued at $1,990,000 after purchasing an additional 68,499 shares during the period. Mackay Shields LLC grew its holdings in First Hawaiian by 350.2% in the second quarter. Mackay Shields LLC now owns 326,991 shares of the bank’s stock valued at $5,637,000 after purchasing an additional 254,366 shares during the period. Signaturefd LLC increased its position in First Hawaiian by 313.9% during the second quarter. Signaturefd LLC now owns 3,307 shares of the bank’s stock worth $57,000 after purchasing an additional 2,508 shares during the last quarter. Finally, Brinker Capital Inc. purchased a new position in First Hawaiian during the second quarter worth approximately $182,000. Institutional investors and hedge funds own 98.93% of the company’s stock.
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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