First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) has received a consensus recommendation of “Reduce” from the four brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $21.50.
A number of research firms have commented on FHB. JPMorgan Chase & Co. reduced their price target on First Hawaiian from $25.50 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Barclays reduced their target price on First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, Wells Fargo & Company lowered their price target on shares of First Hawaiian from $20.00 to $18.00 and set an “underweight” rating for the company in a report on Tuesday, June 25th.
View Our Latest Stock Report on FHB
Institutional Trading of First Hawaiian
First Hawaiian Stock Performance
NASDAQ:FHB opened at $20.67 on Thursday. First Hawaiian has a 52 week low of $17.18 and a 52 week high of $23.22. The firm’s 50-day simple moving average is $20.92 and its 200 day simple moving average is $21.37. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 11.88 and a beta of 0.99.
First Hawaiian (NASDAQ:FHB – Get Free Report) last released its earnings results on Friday, April 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $205.80 million for the quarter, compared to analysts’ expectations of $202.41 million. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. Sell-side analysts anticipate that First Hawaiian will post 1.71 EPS for the current year.
First Hawaiian Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, May 17th. First Hawaiian’s payout ratio is 59.77%.
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.
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