First Hawaiian (NASDAQ:FHB) had its price objective increased by Barclays from $32.00 to $36.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. Barclays currently has an overweight rating on the bank’s stock.
FHB has been the topic of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $34.00 target price on shares of First Hawaiian in a report on Friday, December 22nd. Zacks Investment Research raised First Hawaiian from a sell rating to a hold rating in a research note on Friday, November 3rd. BidaskClub cut First Hawaiian from a buy rating to a hold rating in a research note on Saturday, October 7th. UBS Group boosted their target price on First Hawaiian from $29.00 to $30.00 and gave the company a neutral rating in a research note on Friday, October 27th. Finally, ValuEngine raised First Hawaiian from a hold rating to a buy rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. First Hawaiian has an average rating of Hold and an average price target of $33.14.
Shares of First Hawaiian (NASDAQ FHB) traded down $0.20 during midday trading on Tuesday, hitting $29.91. The stock had a trading volume of 421,900 shares, compared to its average volume of 384,433. First Hawaiian has a twelve month low of $26.30 and a twelve month high of $35.32. The stock has a market capitalization of $4,180.00 and a P/E ratio of 18.24.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. First Hawaiian had a return on equity of 9.02% and a net margin of 30.22%. The company had revenue of $133.32 million during the quarter, compared to the consensus estimate of $136.44 million. During the same period last year, the business earned $0.41 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. sell-side analysts expect that First Hawaiian will post 1.63 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Monday, November 27th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, November 24th. First Hawaiian’s dividend payout ratio is currently 53.66%.
A number of institutional investors have recently modified their holdings of FHB. Russell Investments Group Ltd. lifted its position in shares of First Hawaiian by 70.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,308 shares of the bank’s stock worth $714,000 after buying an additional 9,642 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in First Hawaiian by 5.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 201,061 shares of the bank’s stock worth $6,157,000 after purchasing an additional 10,908 shares in the last quarter. Rhumbline Advisers raised its holdings in First Hawaiian by 146.0% during the second quarter. Rhumbline Advisers now owns 47,846 shares of the bank’s stock worth $1,465,000 after purchasing an additional 28,393 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in shares of First Hawaiian during the second quarter worth approximately $324,000. Finally, Bank of New York Mellon Corp grew its position in shares of First Hawaiian by 272.2% during the second quarter. Bank of New York Mellon Corp now owns 898,095 shares of the bank’s stock worth $27,499,000 after acquiring an additional 656,786 shares during the last quarter. Hedge funds and other institutional investors own 35.74% of the company’s stock.
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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