First Hawaiian (FHB) Stock Rating Lowered by ValuEngine
First Hawaiian (NASDAQ:FHB) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other equities analysts have also weighed in on the company. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS Group increased their price target on First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Barclays set a $32.00 price target on First Hawaiian and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price target on shares of First Hawaiian in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.14.
First Hawaiian (FHB) traded up $0.44 during trading hours on Friday, reaching $30.35. The company’s stock had a trading volume of 211,648 shares, compared to its average volume of 341,225. First Hawaiian has a 1 year low of $26.30 and a 1 year high of $34.92. The firm has a market capitalization of $4,180.00 and a price-to-earnings ratio of 18.51.
First Hawaiian (NASDAQ:FHB) last released its earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. First Hawaiian had a return on equity of 9.02% and a net margin of 30.22%. The firm had revenue of $133.32 million for the quarter, compared to analyst estimates of $136.44 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. sell-side analysts expect that First Hawaiian will post 1.63 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. increased its holdings in shares of First Hawaiian by 4.4% in the second quarter. UBS Asset Management Americas Inc. now owns 31,922 shares of the bank’s stock worth $977,000 after acquiring an additional 1,341 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of First Hawaiian by 354.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 331,545 shares of the bank’s stock worth $10,152,000 after acquiring an additional 258,610 shares in the last quarter. Eaton Vance Management increased its holdings in shares of First Hawaiian by 98.2% in the second quarter. Eaton Vance Management now owns 651,381 shares of the bank’s stock worth $19,945,000 after acquiring an additional 322,719 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of First Hawaiian by 70.6% in the second quarter. Russell Investments Group Ltd. now owns 23,308 shares of the bank’s stock worth $714,000 after acquiring an additional 9,642 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of First Hawaiian by 28.0% during the second quarter. Wells Fargo & Company MN now owns 69,868 shares of the bank’s stock worth $2,139,000 after buying an additional 15,298 shares in the last quarter. Institutional investors own 35.74% of the company’s stock.
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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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