First Hawaiian (FHB) Raised to Hold at BidaskClub

First Hawaiian (NASDAQ:FHB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Other analysts have also recently issued research reports about the stock. Citigroup decreased their price target on shares of First Hawaiian from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday. Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, September 26th. ValuEngine cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Wells Fargo & Co set a $29.00 price target on shares of First Hawaiian and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. First Hawaiian presently has an average rating of “Hold” and an average price target of $31.44.

Shares of NASDAQ:FHB opened at $23.92 on Tuesday. The firm has a market cap of $3.17 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. First Hawaiian has a 1-year low of $22.91 and a 1-year high of $32.36.



In other news, Director Paribas Bnp sold 20,000,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $28.70, for a total value of $574,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of First Hawaiian by 117.2% in the second quarter. FMR LLC now owns 9,109,111 shares of the bank’s stock valued at $264,346,000 after purchasing an additional 4,916,096 shares during the period. BlackRock Inc. lifted its stake in shares of First Hawaiian by 97.4% in the second quarter. BlackRock Inc. now owns 4,679,481 shares of the bank’s stock valued at $135,798,000 after purchasing an additional 2,309,230 shares during the period. Villere ST Denis J & Co. LLC lifted its stake in shares of First Hawaiian by 18.7% in the second quarter. Villere ST Denis J & Co. LLC now owns 2,685,407 shares of the bank’s stock valued at $77,930,000 after purchasing an additional 422,761 shares during the period. Citadel Advisors LLC lifted its stake in shares of First Hawaiian by 8,096.9% in the second quarter. Citadel Advisors LLC now owns 1,712,256 shares of the bank’s stock valued at $49,690,000 after purchasing an additional 1,691,367 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of First Hawaiian by 13.7% in the third quarter. Deprince Race & Zollo Inc. now owns 1,231,656 shares of the bank’s stock valued at $33,452,000 after purchasing an additional 148,630 shares during the period. Institutional investors own 51.00% of the company’s stock.

About First Hawaiian

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 through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

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Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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