First Hawaiian (FHB) Downgraded to Hold at ValuEngine

ValuEngine lowered shares of First Hawaiian (NASDAQ:FHB) from a buy rating to a hold rating in a report released on Friday.

Several other research analysts also recently commented on the stock. BidaskClub raised shares of First Hawaiian from a hold rating to a buy rating in a report on Saturday, October 21st. Zacks Investment Research raised shares of First Hawaiian from a sell rating to a hold rating in a report on Friday, November 3rd. UBS Group raised their price target 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. Keefe, Bruyette & Woods reissued a hold rating and issued a $34.00 price target on shares of First Hawaiian in a report on Friday, December 22nd. Finally, Barclays set a $32.00 price target on shares of First Hawaiian and gave the company a buy rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. First Hawaiian presently has a consensus rating of Hold and a consensus target price of $33.14.

First Hawaiian (NASDAQ:FHB) traded down $0.01 on Friday, reaching $30.34. 121,200 shares of the company traded hands, compared to its average volume of 297,220. The company has a market cap of $4,240.00 and a P/E ratio of 18.50. First Hawaiian has a 52 week low of $26.30 and a 52 week high of $34.68.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $133.32 million during the quarter, compared to the consensus estimate of $136.44 million. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. First Hawaiian’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. equities research analysts predict that First Hawaiian will post 1.63 EPS for the current year.

Large investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. lifted its holdings in shares of First Hawaiian by 4.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,922 shares of the bank’s stock worth $977,000 after acquiring an additional 1,341 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of First Hawaiian by 354.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 331,545 shares of the bank’s stock worth $10,152,000 after acquiring an additional 258,610 shares during the last quarter. Eaton Vance Management lifted its holdings in shares of First Hawaiian by 98.2% during the 2nd quarter. Eaton Vance Management now owns 651,381 shares of the bank’s stock worth $19,945,000 after acquiring an additional 322,719 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of First Hawaiian by 70.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,308 shares of the bank’s stock worth $714,000 after acquiring an additional 9,642 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of First Hawaiian by 28.0% during the 2nd quarter. Wells Fargo & Company MN now owns 69,868 shares of the bank’s stock worth $2,139,000 after acquiring an additional 15,298 shares during the last quarter. 35.74% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “First Hawaiian (FHB) Downgraded to Hold at ValuEngine” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/09/first-hawaiian-fhb-downgraded-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit