First Hawaiian Inc (NASDAQ:FHB) Receives $27.25 Consensus Target Price from Analysts

First Hawaiian Inc (NASDAQ:FHB) has been given an average rating of “Hold” by the seven research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.67.

FHB has been the subject of several research reports. JPMorgan Chase & Co. lowered First Hawaiian from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $26.50 to $26.00 in a research report on Monday, July 29th. Zacks Investment Research lowered First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. BidaskClub upgraded First Hawaiian from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. ValuEngine lowered First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, TheStreet upgraded First Hawaiian from a “c” rating to a “b-” rating in a research report on Monday, August 5th.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia boosted its position in 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 purchasing an additional 504 shares during the period. Metropolitan Life Insurance Co NY boosted its position in First Hawaiian by 21.5% during the 1st 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 period. Advisor Group Inc. boosted its position in First Hawaiian by 11.4% during the 2nd 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in First Hawaiian by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,297 shares of the bank’s stock valued at $215,000 after purchasing an additional 875 shares during the period. Finally, Cerebellum GP LLC boosted its position in First Hawaiian by 7.4% during the 2nd quarter. Cerebellum GP LLC now owns 13,473 shares of the bank’s stock valued at $349,000 after purchasing an additional 923 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

Shares of FHB traded up $0.36 during trading hours on Wednesday, reaching $26.29. 464,082 shares of the company traded hands, compared to its average volume of 990,392. The stock has a fifty day simple moving average of $26.15 and a 200 day simple moving average of $26.15. The company has a quick ratio of 0.82, a current 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 $28.20. The stock has a market capitalization of $3.50 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 4.35 and a beta of 1.15.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $194.39 million during the quarter, compared to analyst estimates of $196.31 million. First Hawaiian had a return on equity of 11.48% and a net margin of 31.56%. During the same quarter last year, the firm earned $0.50 EPS. Research analysts predict that First Hawaiian will post 2.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a dividend of $0.26 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.96%. First Hawaiian’s dividend payout ratio is currently 49.76%.

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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