BidaskClub upgraded shares of First Hawaiian (NASDAQ:FHB) from a hold rating to a buy rating in a report issued on Friday.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded First Hawaiian from a hold rating to a strong-buy rating and set a $35.00 price target for the company in a report on Tuesday, January 9th. ValuEngine upgraded First Hawaiian from a hold rating to a buy rating in a report on Friday, December 1st. JPMorgan Chase & Co. cut First Hawaiian from an overweight rating to a neutral rating and set a $32.00 target price for the company. in a report on Friday, January 26th. Goldman Sachs Group cut First Hawaiian from a neutral rating to a sell rating and set a $32.00 target price for the company. in a report on Thursday, January 4th. Finally, Barclays boosted their target price on First Hawaiian from $32.00 to $36.00 and gave the stock an overweight rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $32.38.
First Hawaiian (FHB) traded up $0.34 on Friday, reaching $29.07. The company’s stock had a trading volume of 252,175 shares, compared to its average volume of 283,692. The stock has a market cap of $4,010.74, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.09 and a beta of 0.48. First Hawaiian has a 52 week low of $26.30 and a 52 week high of $32.36.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from First Hawaiian’s previous quarterly dividend of $0.22. First Hawaiian’s payout ratio is presently 72.73%.
A number of institutional investors have recently added to or reduced their stakes in FHB. Northern Trust Corp lifted its position in First Hawaiian by 24.8% during the 2nd quarter. Northern Trust Corp now owns 261,149 shares of the bank’s stock worth $7,996,000 after acquiring an additional 51,938 shares in the last quarter. Aperio Group LLC acquired a new position in First Hawaiian during the 3rd quarter worth approximately $210,000. Stevens Capital Management LP lifted its position in First Hawaiian by 45.5% during the 3rd quarter. Stevens Capital Management LP now owns 30,106 shares of the bank’s stock worth $912,000 after acquiring an additional 9,408 shares in the last quarter. American Century Companies Inc. lifted its position in First Hawaiian by 11.4% during the 3rd quarter. American Century Companies Inc. now owns 938,825 shares of the bank’s stock worth $28,437,000 after acquiring an additional 95,902 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in First Hawaiian by 17.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 73,275 shares of the bank’s stock worth $2,220,000 after acquiring an additional 10,974 shares in the last quarter. 35.75% of the stock is currently owned by hedge funds and other institutional investors.
About First Hawaiian
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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