Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of First Hawaiian from a hold rating to a sell rating in a research report on Tuesday, July 2nd. BidaskClub upgraded shares of First Hawaiian from a buy rating to a strong-buy rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a neutral rating to an underweight rating and reduced their price target for the company from $26.50 to $26.00 in a research report on Monday, July 29th. Zacks Investment Research downgraded shares of First Hawaiian from a buy rating to a hold rating in a research report on Tuesday, October 15th. Finally, TheStreet upgraded shares of First Hawaiian from a c rating to a b- rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. First Hawaiian currently has an average rating of Hold and an average price target of $26.80.
Shares of NASDAQ:FHB traded down $0.12 during trading on Friday, hitting $27.54. 618,500 shares of the company were exchanged, compared to its average volume of 951,757. The stock has a market capitalization of $3.71 billion, a P/E ratio of 13.18, a PEG ratio of 4.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82. First Hawaiian has a 12-month low of $21.19 and a 12-month high of $28.30. The firm’s 50 day moving average price is $26.96 and its 200-day moving average price is $26.27.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $143.10 million during the quarter, compared to the consensus estimate of $145.43 million. First Hawaiian had a net margin of 32.03% and a return on equity of 11.48%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, equities research analysts anticipate that First Hawaiian will post 2.15 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in FHB. Bank of Nova Scotia grew its stake in First Hawaiian by 0.7% in the 2nd quarter. Bank of Nova Scotia now owns 72,604 shares of the bank’s stock valued at $1,878,000 after acquiring an additional 504 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in First Hawaiian by 21.5% in the 1st 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 in the last quarter. Advisor Group Inc. lifted its holdings in First Hawaiian by 11.4% in the 2nd quarter. Advisor Group Inc. now owns 5,594 shares of the bank’s stock valued at $144,000 after purchasing an additional 571 shares in the last quarter. First Quadrant L P CA lifted its holdings in First Hawaiian by 4.3% in the 3rd quarter. First Quadrant L P CA now owns 14,879 shares of the bank’s stock valued at $397,000 after purchasing an additional 617 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in First Hawaiian by 9.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,049 shares of the bank’s stock valued at $242,000 after purchasing an additional 752 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors.
About First Hawaiian
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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