Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded First Hawaiian from a neutral rating to an underweight rating and cut their target price for the company from $26.50 to $26.00 in a research report on Monday, July 29th. TheStreet raised First Hawaiian from a c rating to a b- rating in a research report on Monday, August 5th. ValuEngine downgraded First Hawaiian from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research raised First Hawaiian from a sell rating to a hold rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $27.80.
Shares of FHB stock traded up $0.31 during trading hours on Thursday, reaching $27.56. 829,997 shares of the company’s stock were exchanged, compared to its average volume of 1,001,486. The stock’s 50 day moving average is $25.61 and its 200-day moving average is $26.10. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 4.47 and a beta of 1.14. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. First Hawaiian has a fifty-two week low of $21.19 and a fifty-two week high of $28.59.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.77%. The ex-dividend date was Friday, August 23rd. First Hawaiian’s payout ratio is 49.76%.
A number of large investors have recently bought and sold shares of FHB. Point72 Asset Management L.P. purchased a new stake in First Hawaiian in the second quarter valued at $54,000. Metropolitan Life Insurance Co NY boosted its holdings 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 purchasing an additional 564 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in First Hawaiian in the second quarter valued at $85,000. Machina Capital S.A.S. purchased a new stake in First Hawaiian in the second quarter valued at $132,000. Finally, Advisor Group Inc. boosted its holdings 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 purchasing an additional 571 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors.
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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