First Hawaiian (FHB) Receiving Somewhat Favorable Media Coverage, Report Finds

Media stories about First Hawaiian (NASDAQ:FHB) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Hawaiian earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.1741557786133 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

First Hawaiian (NASDAQ FHB) traded up $0.04 during mid-day trading on Thursday, hitting $29.75. The stock had a trading volume of 185,012 shares, compared to its average volume of 451,077. First Hawaiian has a 52 week low of $26.30 and a 52 week high of $35.47. The company has a market cap of $4,150.00 and a price-to-earnings ratio of 18.32.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data 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 company had revenue of $133.32 million for the quarter, compared to analyst estimates of $136.44 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. equities analysts expect that First Hawaiian will post 1.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, November 24th. First Hawaiian’s payout ratio is currently 53.66%.

Several equities analysts recently issued reports on FHB shares. BidaskClub upgraded First Hawaiian from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Zacks Investment Research lowered First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Barclays set a $32.00 price target on First Hawaiian and gave the company a “buy” rating in a research note on Wednesday, October 11th. UBS upped their price objective on First Hawaiian from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Finally, ValuEngine upgraded First Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.

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First Hawaiian Company Profile

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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