First Hawaiian (NASDAQ:FHB) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of First Hawaiian (NASDAQ:FHB) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

Several other analysts have also recently issued reports on FHB. BidaskClub cut shares of First Hawaiian from a strong-buy rating to a buy rating in a research note on Wednesday, November 20th. Zacks Investment Research lowered First Hawaiian from a hold rating to a sell rating in a research report on Monday, November 11th. Wells Fargo & Co set a $25.00 target price on First Hawaiian and gave the stock a hold rating in a research report on Friday, October 25th. Finally, TheStreet upgraded First Hawaiian from a c rating to a b- rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $27.00.

Shares of FHB traded up $0.29 during mid-day trading on Tuesday, hitting $28.64. The company had a trading volume of 599,430 shares, compared to its average volume of 904,983. First Hawaiian has a 1-year low of $21.19 and a 1-year high of $29.01. The business’s 50-day simple moving average is $28.23 and its 200-day simple moving average is $26.52. The stock has a market cap of $3.75 billion, a PE ratio of 13.70, a P/E/G ratio of 4.45 and a beta of 1.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $143.10 million during the quarter, compared to analyst estimates of $145.43 million. First Hawaiian had a net margin of 32.03% and a return on equity of 11.41%. First Hawaiian’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, sell-side analysts expect that First Hawaiian will post 2.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, November 22nd. First Hawaiian’s dividend payout ratio (DPR) is presently 49.76%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Nova Scotia raised its holdings in shares of First Hawaiian by 0.7% during the 2nd quarter. Bank of Nova Scotia now owns 72,604 shares of the bank’s stock valued at $1,878,000 after buying an additional 504 shares during the period. Metropolitan Life Insurance Co NY grew its position in First Hawaiian by 21.5% in the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock valued at $83,000 after acquiring an additional 564 shares in the last quarter. Advisor Group Inc. grew its position in First Hawaiian by 11.4% in the second quarter. Advisor Group Inc. now owns 5,594 shares of the bank’s stock valued at $144,000 after acquiring an additional 571 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of First Hawaiian by 1.5% during the third quarter. Public Employees Retirement System of Ohio now owns 40,566 shares of the bank’s stock valued at $1,083,000 after purchasing an additional 605 shares during the period. Finally, First Quadrant L P CA raised its stake in shares of First Hawaiian by 4.3% during the third quarter. First Quadrant L P CA now owns 14,879 shares of the bank’s stock valued at $397,000 after purchasing an additional 617 shares during the period. Hedge funds and other institutional investors own 96.93% of the company’s stock.

First Hawaiian Company Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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