First Hawaiian (NASDAQ:FHB) Announces Earnings Results

First Hawaiian (NASDAQ:FHB) released its quarterly earnings results on Friday. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01, RTT News reports. First Hawaiian had a return on equity of 8.83% and a net margin of 18.83%. During the same quarter last year, the business posted $0.37 earnings per share.

First Hawaiian Stock Performance

Shares of FHB stock traded up $0.80 during trading hours on Friday, reaching $27.59. The company had a trading volume of 832,898 shares, compared to its average volume of 756,651. The business has a fifty day moving average price of $26.42 and a 200-day moving average price of $25.00. First Hawaiian has a one year low of $19.48 and a one year high of $28.80. The firm has a market cap of $3.53 billion, a PE ratio of 15.74 and a beta of 0.99.

Analyst Ratings Changes

A number of brokerages have recently commented on FHB. Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price on the stock. Barclays raised their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group upped their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, First Hawaiian currently has an average rating of “Hold” and an average target price of $26.86.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and 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 offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.