Shares of First Hawaiian Inc (NASDAQ:FHB) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.75.
A number of research firms have issued reports on FHB. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Citigroup reissued a “neutral” rating and set a $32.00 price target on shares of First Hawaiian in a research report on Wednesday, January 24th. ValuEngine raised First Hawaiian from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Barclays boosted their price target on First Hawaiian from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Goldman Sachs Group downgraded First Hawaiian from a “neutral” rating to a “sell” rating and set a $32.00 price target for the company. in a research report on Thursday, January 4th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in shares of First Hawaiian by 8.5% in the third quarter. Janus Henderson Group PLC now owns 4,517,093 shares of the bank’s stock worth $136,823,000 after buying an additional 355,208 shares during the period. Vanguard Group Inc. boosted its position in shares of First Hawaiian by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock worth $126,981,000 after buying an additional 238,056 shares during the period. Villere ST Denis J & Co. LLC boosted its position in shares of First Hawaiian by 15.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,969,699 shares of the bank’s stock worth $57,475,000 after buying an additional 259,056 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of First Hawaiian by 45.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,814,950 shares of the bank’s stock worth $54,975,000 after buying an additional 566,520 shares during the period. Finally, FMR LLC boosted its position in shares of First Hawaiian by 222.8% in the second quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock worth $53,627,000 after buying an additional 1,208,748 shares during the period. 35.92% of the stock is owned by institutional investors.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. First Hawaiian had a return on equity of 9.09% and a net margin of 23.80%. The firm had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.40 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. research analysts expect that First Hawaiian will post 1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Friday, February 23rd. This is an increase from First Hawaiian’s previous quarterly dividend of $0.22. First Hawaiian’s payout ratio is 66.67%.
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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