First Hawaiian (FHB) Receives Coverage Optimism Score of 0.18
News articles about First Hawaiian (NASDAQ:FHB) have trended somewhat positive on Monday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Hawaiian earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.451825235687 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of First Hawaiian (FHB) traded up $0.08 during trading hours on Monday, reaching $29.63. 430,200 shares of the company traded hands, compared to its average volume of 449,900. First Hawaiian has a one year low of $26.30 and a one year high of $35.47. The firm has a market cap of $4,124.77, a P/E ratio of 18.02, a PEG ratio of 4.93 and a beta of 0.76.
First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. The company had revenue of $133.32 million for the quarter, compared to the consensus estimate of $136.44 million. During the same quarter in the prior year, the company earned $0.41 EPS. First Hawaiian’s quarterly revenue was up 8.7% on a year-over-year basis. sell-side analysts anticipate that First Hawaiian will post 1.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Monday, November 27th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, November 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.97%. First Hawaiian’s payout ratio is 53.33%.
Several research firms have commented on FHB. ValuEngine raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS increased their price objective on shares of First Hawaiian from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Barclays set a $32.00 price objective on shares of First Hawaiian and gave the company a “buy” rating in a research report on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.
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About First Hawaiian
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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