First Hawaiian Inc (NASDAQ:FHB) Given Average Recommendation of “Hold” by Brokerages

First Hawaiian Inc (NASDAQ:FHB) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.50.

A number of equities analysts have issued reports on the stock. UBS Group cut shares of First Hawaiian from a “neutral” rating to a “sell” rating and cut their target price for the stock from $15.00 to $13.00 in a research report on Monday, June 29th. Wells Fargo & Co cut shares of First Hawaiian from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $13.00 in a research report on Tuesday, July 7th. ValuEngine upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Compass Point upgraded shares of First Hawaiian from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, April 27th. Finally, BidaskClub upgraded shares of First Hawaiian from a “strong sell” rating to a “sell” rating in a report on Friday, July 24th.

In related news, CFO Ravi Mallela bought 3,290 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $14.87 per share, for a total transaction of $48,922.30. Insiders own 0.57% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. APG Asset Management N.V. grew its holdings in First Hawaiian by 467.4% in the first quarter. APG Asset Management N.V. now owns 751,400 shares of the bank’s stock valued at $17,432,000 after purchasing an additional 618,976 shares during the period. Wedge Capital Management L L P NC grew its stake in First Hawaiian by 8.1% during the second quarter. Wedge Capital Management L L P NC now owns 1,402,429 shares of the bank’s stock worth $24,178,000 after buying an additional 105,447 shares during the period. Man Group plc grew its stake in First Hawaiian by 833.8% during the fourth quarter. Man Group plc now owns 140,093 shares of the bank’s stock worth $4,042,000 after buying an additional 125,090 shares during the period. Boston Trust Walden Corp grew its stake in First Hawaiian by 17.7% during the first quarter. Boston Trust Walden Corp now owns 956,677 shares of the bank’s stock worth $15,814,000 after buying an additional 143,782 shares during the period. Finally, Caxton Associates LP purchased a new stake in First Hawaiian during the first quarter worth approximately $242,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Shares of NASDAQ FHB traded up $0.08 during midday trading on Tuesday, hitting $17.38. The company had a trading volume of 1,666,819 shares, compared to its average volume of 2,938,142. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 11.36 and a beta of 1.34. The business has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $20.09. First Hawaiian has a twelve month low of $13.56 and a twelve month high of $31.25.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, July 24th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $173.48 million for the quarter, compared to analyst estimates of $179.45 million. First Hawaiian had a return on equity of 7.77% and a net margin of 24.42%. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, equities analysts forecast that First Hawaiian will post 1.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.98%. First Hawaiian’s dividend payout ratio (DPR) is presently 47.49%.

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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Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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