First Hawaiian, Inc. (NASDAQ:FHB) Receives Consensus Rating of “Hold” from Brokerages

First Hawaiian, Inc. (NASDAQ:FHBGet Rating) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.33.

A number of brokerages have commented on FHB. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, April 5th. Wells Fargo & Company lowered their price target on shares of First Hawaiian from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. Compass Point cut shares of First Hawaiian from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Monday, January 24th. Keefe, Bruyette & Woods cut shares of First Hawaiian from an “outperform” rating to a “market perform” rating and set a $34.00 target price on the stock. in a research note on Sunday, April 24th. Finally, StockNews.com raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th.

Shares of First Hawaiian stock opened at $24.72 on Wednesday. The company has a market cap of $3.17 billion, a PE ratio of 12.00 and a beta of 1.13. The firm has a fifty day moving average price of $27.54 and a two-hundred day moving average price of $28.04. First Hawaiian has a fifty-two week low of $23.51 and a fifty-two week high of $31.16.

First Hawaiian (NASDAQ:FHBGet Rating) last announced its quarterly earnings data on Friday, April 22nd. The bank reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. First Hawaiian had a net margin of 36.22% and a return on equity of 10.76%. During the same quarter last year, the company earned $0.44 earnings per share. As a group, analysts forecast that First Hawaiian will post 1.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Monday, May 23rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.21%. The ex-dividend date is Friday, May 20th. First Hawaiian’s dividend payout ratio is currently 50.49%.

Large investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its stake in shares of First Hawaiian by 4.4% in the first quarter. Mutual of America Capital Management LLC now owns 18,373 shares of the bank’s stock valued at $512,000 after buying an additional 773 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in First Hawaiian by 13.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,408 shares of the bank’s stock worth $123,000 after acquiring an additional 522 shares during the last quarter. Nisa Investment Advisors LLC increased its position in First Hawaiian by 167.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 21,430 shares of the bank’s stock valued at $598,000 after acquiring an additional 13,430 shares in the last quarter. Naples Global Advisors LLC raised its stake in shares of First Hawaiian by 3.6% in the first quarter. Naples Global Advisors LLC now owns 17,125 shares of the bank’s stock worth $478,000 after acquiring an additional 600 shares during the last quarter. Finally, CKW Financial Group bought a new stake in shares of First Hawaiian during the first quarter valued at approximately $881,000.

About First Hawaiian (Get Rating)

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 through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.

Further Reading

Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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