First Hawaiian (NASDAQ:FHB) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of First Hawaiian (NASDAQ:FHB) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “

A number of other research analysts have also weighed in on FHB. BidaskClub lowered Zynga from a buy rating to a hold rating in a research report on Tuesday, June 18th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $28.25.



Shares of First Hawaiian stock opened at $25.74 on Wednesday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 3.95 and a beta of 1.14. The firm’s 50-day moving average price is $25.62. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23. First Hawaiian has a twelve month low of $21.19 and a twelve month high of $30.02.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The firm had revenue of $145.10 million during the quarter, compared to analyst estimates of $146.96 million. First Hawaiian had a return on equity of 11.60% and a net margin of 31.67%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. Sell-side analysts forecast that First Hawaiian will post 2.13 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its stake in First Hawaiian by 165.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,894 shares of the bank’s stock worth $49,000 after purchasing an additional 1,180 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in First Hawaiian in the first quarter worth about $74,000. Metropolitan Life Insurance Co NY lifted its stake 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 worth $83,000 after purchasing an additional 564 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in First Hawaiian in the first quarter worth about $202,000. Finally, Dean Capital Investments Management LLC bought a new stake in First Hawaiian in the first quarter worth about $206,000. Institutional investors own 97.09% 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 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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