First Hawaiian (NASDAQ:FHB) Posts Quarterly Earnings Results

First Hawaiian (NASDAQ:FHB) issued its quarterly earnings data on Friday. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01, RTT News reports. First Hawaiian had a return on equity of 8.83% and a net margin of 18.83%. During the same quarter last year, the business earned $0.37 EPS.

First Hawaiian Price Performance

FHB traded up $0.99 during trading on Friday, hitting $27.78. The company’s stock had a trading volume of 769,425 shares, compared to its average volume of 753,101. The firm’s 50 day moving average price is $26.42 and its 200-day moving average price is $25.00. The stock has a market cap of $3.55 billion, a PE ratio of 15.90 and a beta of 0.99. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FHB shares. The Goldman Sachs Group raised their price target on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens started coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, First Hawaiian currently has an average rating of “Hold” and an average price target of $26.86.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and 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 offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.