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.
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.
Further Reading: What is a resistance level?
Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.