First Hawaiian (NASDAQ:FHB) Sets New 52-Week High at $28.21

First Hawaiian Inc (NASDAQ:FHB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.21 and last traded at $28.21, with a volume of 12716 shares. The stock had previously closed at $27.86.

Several equities research analysts have recently issued reports on FHB shares. Zacks Investment Research downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $26.50 to $26.00 in a research note on Monday, July 29th. TheStreet upgraded shares of First Hawaiian from a “c” rating to a “b-” rating in a research note on Monday, August 5th. ValuEngine downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub raised First Hawaiian from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.25.

The firm has a market capitalization of $3.74 billion, a P/E ratio of 13.33, a PEG ratio of 4.86 and a beta of 1.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $26.91 and a 200-day moving average of $26.26.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The firm had revenue of $194.39 million during the quarter, compared to analysts’ expectations of $196.31 million. First Hawaiian had a return on equity of 11.48% and a net margin of 31.56%. During the same period in the previous year, the business posted $0.50 EPS. As a group, analysts forecast that First Hawaiian Inc will post 2.16 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB grew its stake in shares of First Hawaiian by 3.4% in the first quarter. Nordea Investment Management AB now owns 95,400 shares of the bank’s stock worth $2,485,000 after acquiring an additional 3,100 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of 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 acquiring an additional 564 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of First Hawaiian in the second quarter worth $328,000. Copper Rock Capital Partners LLC grew its stake in shares of First Hawaiian by 11.8% in the second quarter. Copper Rock Capital Partners LLC now owns 748,027 shares of the bank’s stock worth $19,351,000 after acquiring an additional 79,077 shares during the last quarter. Finally, Fenimore Asset Management Inc. grew its stake in shares of First Hawaiian by 330.6% in the second quarter. Fenimore Asset Management Inc. now owns 200,966 shares of the bank’s stock worth $5,199,000 after acquiring an additional 154,295 shares during the last quarter. 95.75% of the stock is owned by hedge funds and other institutional investors.

About First Hawaiian (NASDAQ:FHB)

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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