First Hawaiian Inc (NYSE:FHB)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a report issued on Friday, May 12th. They presently have a $33.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 7.81% from the stock’s current price.
FHB has been the subject of several other reports. Zacks Investment Research lowered First Hawaiian from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Citigroup Inc. dropped their price objective on First Hawaiian from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 11th. Finally, Barclays PLC set a $35.00 price objective on First Hawaiian and gave the company a “buy” rating in a research note on Sunday, April 9th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $30.15.
First Hawaiian (NYSE FHB) traded up 0.16% during trading on Friday, reaching $30.61. The company’s stock had a trading volume of 1,275,735 shares. The stock’s 50 day moving average is $29.05 and its 200-day moving average is $31.13. The firm has a market cap of $4.27 billion and a P/E ratio of 19.29. First Hawaiian has a 52 week low of $24.25 and a 52 week high of $35.47.
First Hawaiian (NYSE:FHB) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $129.30 million for the quarter, compared to the consensus estimate of $138.54 million. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, equities research analysts forecast that First Hawaiian will post $1.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 30th were paid a dividend of $0.22 per share. This is a boost from First Hawaiian’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, May 25th.
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Hedge funds have recently bought and sold shares of the company. Pictet North America Advisors SA purchased a new stake in First Hawaiian during the third quarter worth $1,550,000. BlackRock Group LTD purchased a new stake in First Hawaiian during the third quarter worth $6,537,000. Ameriprise Financial Inc. purchased a new stake in First Hawaiian during the third quarter worth $5,372,000. DekaBank Deutsche Girozentrale purchased a new stake in First Hawaiian during the third quarter worth $207,000. Finally, Citadel Advisors LLC purchased a new stake in First Hawaiian during the third quarter worth $4,058,000.
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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