First Hawaiian Inc (NYSE:FHB) had its price objective hoisted by UBS AG from $29.00 to $30.00 in a report published on Friday morning, www.benzinga.com reports. They currently have a neutral rating on the bank’s stock.
Several other research analysts have also commented on FHB. BidaskClub raised shares of First Hawaiian from a hold rating to a buy rating in a research note on Saturday, September 30th. Barclays PLC set a $32.00 price target on shares of First Hawaiian and gave the stock a buy rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of First Hawaiian from a hold rating to a sell rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $32.50.
Shares of First Hawaiian (NYSE FHB) opened at 28.83 on Friday. The stock has a 50 day moving average of $29.46 and a 200 day moving average of $29.16. The company has a market cap of $4.02 billion and a price-to-earnings ratio of 18.02. First Hawaiian has a 12-month low of $26.27 and a 12-month high of $35.47.
First Hawaiian (NYSE:FHB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. First Hawaiian had a net margin of 32.09% and a return on equity of 9.12%. The business had revenue of $133.32 million during the quarter, compared to analyst estimates of $136.44 million. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts forecast that First Hawaiian will post $1.64 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be paid a $0.22 dividend. The ex-dividend date is Friday, November 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.05%.
A number of institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its stake in First Hawaiian by 3.4% in the second quarter. Legal & General Group Plc now owns 11,233 shares of the bank’s stock worth $344,000 after acquiring an additional 370 shares during the last quarter. Pacer Advisors Inc. lifted its stake in First Hawaiian by 11.8% in the second quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after acquiring an additional 374 shares during the last quarter. Principal Financial Group Inc. lifted its stake in First Hawaiian by 6.4% in the second quarter. Principal Financial Group Inc. now owns 9,130 shares of the bank’s stock worth $280,000 after acquiring an additional 546 shares during the last quarter. Cadinha & Co. LLC lifted its stake in First Hawaiian by 5.6% in the second quarter. Cadinha & Co. LLC now owns 11,310 shares of the bank’s stock worth $346,000 after acquiring an additional 600 shares during the last quarter. Finally, AHL Partners LLP lifted its stake in First Hawaiian by 2.5% in the second quarter. AHL Partners LLP now owns 44,842 shares of the bank’s stock worth $1,373,000 after acquiring an additional 1,079 shares during the last quarter.
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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