Zacks Investment Research upgraded shares of First Hawaiian (NASDAQ:FHB) from a sell rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “

Other analysts have also issued reports about the company. BidaskClub lowered Zynga from a buy rating to a hold rating in a research note on Tuesday, June 18th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. First Hawaiian has a consensus rating of Hold and an average price target of $28.25.

Shares of NASDAQ:FHB opened at $25.74 on Wednesday. The stock has a 50-day simple moving average of $25.62. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. First Hawaiian has a 12-month low of $21.19 and a 12-month high of $30.02. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 3.95 and a beta of 1.14.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. First Hawaiian had a return on equity of 11.60% and a net margin of 31.67%. The firm had revenue of $145.10 million for the quarter, compared to analyst estimates of $146.96 million. During the same period last year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that First Hawaiian will post 2.13 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. boosted its holdings in shares of First Hawaiian by 80.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,219,249 shares of the bank’s stock valued at $49,955,000 after buying an additional 987,593 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of First Hawaiian by 8.9% in the 4th quarter. Bank of New York Mellon Corp now owns 615,682 shares of the bank’s stock valued at $13,859,000 after buying an additional 50,524 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of First Hawaiian by 0.6% in the 4th quarter. Northern Trust Corp now owns 467,091 shares of the bank’s stock valued at $10,515,000 after buying an additional 2,951 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of First Hawaiian by 119.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 14,111 shares of the bank’s stock valued at $305,000 after buying an additional 7,684 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of First Hawaiian in the 4th quarter valued at about $1,316,000. Institutional investors own 97.09% of the company’s stock.

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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