First Hawaiian (NASDAQ:FHB) Stock Rating Lowered by Wall Street Zen

First Hawaiian (NASDAQ:FHB) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other equities research analysts also recently issued research reports about the company. Piper Sandler reduced their price target on First Hawaiian from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. TD Cowen reissued a “hold” rating on shares of First Hawaiian in a research note on Monday, February 2nd. Barclays raised shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $28.00 in a research note on Tuesday, November 11th. Zacks Research downgraded First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $27.50.

First Hawaiian Stock Up 0.8%

NASDAQ:FHB opened at $26.30 on Friday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.73. First Hawaiian has a twelve month low of $20.32 and a twelve month high of $28.35. The stock’s 50 day moving average price is $26.47 and its two-hundred day moving average price is $25.36.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 30th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. First Hawaiian had a net margin of 23.65% and a return on equity of 10.19%. The company had revenue of $199.68 million during the quarter, compared to the consensus estimate of $225.33 million. During the same quarter last year, the firm posted $0.41 EPS. As a group, analysts anticipate that First Hawaiian will post 1.95 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Alan Arizumi sold 36,460 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $25.35, for a total transaction of $924,261.00. Following the completion of the sale, the insider owned 37,508 shares in the company, valued at $950,827.80. This trade represents a 49.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Scott Wo sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $27.21, for a total value of $40,815.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,026 shares of company stock valued at $1,144,928 over the last three months. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FHB. Bank of Montreal Can raised its position in shares of First Hawaiian by 1.7% in the second quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after buying an additional 422 shares in the last quarter. Farther Finance Advisors LLC lifted its position in First Hawaiian by 74.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after buying an additional 438 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of First Hawaiian by 9.4% during the fourth quarter. GAMMA Investing LLC now owns 5,626 shares of the bank’s stock worth $142,000 after acquiring an additional 485 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after purchasing an additional 534 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in First Hawaiian by 5.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,941 shares of the bank’s stock worth $272,000 after purchasing an additional 567 shares during the period. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.