First Hawaiian Inc (NASDAQ:FHB) has been given an average rating of “Hold” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $19.86.
FHB has been the topic of several research analyst reports. Piper Sandler cut their price objective on First Hawaiian from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. ValuEngine downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Wells Fargo & Company cut First Hawaiian from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $16.00 to $13.00 in a research note on Tuesday, July 7th. UBS Group cut First Hawaiian from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $15.00 to $13.00 in a research note on Monday, June 29th. Finally, Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Wednesday, July 29th.
First Hawaiian stock traded up $0.03 during mid-day trading on Friday, hitting $15.62. The company’s stock had a trading volume of 981,820 shares, compared to its average volume of 1,349,530. The company has a 50 day moving average of $15.64 and a 200-day moving average of $16.53. The stock has a market cap of $2.03 billion, a PE ratio of 10.21 and a beta of 1.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. First Hawaiian has a one year low of $13.56 and a one year high of $31.25.
First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, July 24th. The bank reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The business had revenue of $173.48 million during the quarter, compared to the consensus estimate of $179.45 million. First Hawaiian had a net margin of 24.42% and a return on equity of 7.73%. During the same period last year, the company earned $0.54 EPS. On average, equities research analysts forecast that First Hawaiian will post 1.1 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co NY grew its holdings in First Hawaiian by 21.5% in the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock valued at $83,000 after purchasing an additional 564 shares during the period. Bank of Montreal Can boosted its stake in shares of First Hawaiian by 30.1% in the second quarter. Bank of Montreal Can now owns 3,596 shares of the bank’s stock worth $54,000 after acquiring an additional 832 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of First Hawaiian by 0.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 373,967 shares of the bank’s stock worth $6,447,000 after acquiring an additional 1,295 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of First Hawaiian by 14.5% in the second quarter. OLD National Bancorp IN now owns 12,097 shares of the bank’s stock worth $208,000 after acquiring an additional 1,528 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First Hawaiian by 16.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,573 shares of the bank’s stock worth $234,000 after acquiring an additional 1,927 shares during the last quarter. 99.12% of the stock is currently 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.
Further Reading: How interest rates affect municipal bond prices
Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.