Keefe, Bruyette & Woods Reiterates “Hold” Rating for First Hawaiian (FHB)

First Hawaiian (NASDAQ:FHB)‘s stock had its “hold” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They currently have a $34.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 14.79% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. UBS Group boosted their target price on shares of First Hawaiian from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Barclays set a $32.00 target price on shares of First Hawaiian and gave the company a “buy” rating in a report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. First Hawaiian currently has a consensus rating of “Hold” and a consensus price target of $32.67.

First Hawaiian (NASDAQ FHB) opened at $29.62 on Friday. The stock has a market cap of $4,099.65, a PE ratio of 17.95, a price-to-earnings-growth ratio of 4.90 and a beta of 0.76. First Hawaiian has a 52-week low of $26.30 and a 52-week high of $35.47.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $133.32 million during the quarter, compared to analysts’ expectations of $136.44 million. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. research analysts forecast that First Hawaiian will post 1.63 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its stake in First Hawaiian by 36.4% during the first quarter. Teachers Advisors LLC now owns 30,862 shares of the bank’s stock worth $923,000 after buying an additional 8,228 shares during the period. US Bancorp DE purchased a new position in shares of First Hawaiian in the second quarter valued at $118,000. Russell Investments Group Ltd. boosted its stake 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 valued at $714,000 after purchasing an additional 9,642 shares during the period. TD Asset Management Inc. boosted its stake in shares of First Hawaiian by 14.2% in the second quarter. TD Asset Management Inc. now owns 30,599 shares of the bank’s stock valued at $937,000 after purchasing an additional 3,800 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of First Hawaiian by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 201,061 shares of the bank’s stock valued at $6,157,000 after purchasing an additional 10,908 shares during the period. Hedge funds and other 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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