First Hawaiian Inc (FHB) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of First Hawaiian Inc (NYSE:FHB) from a buy rating to a hold rating in a report published on Friday morning.

According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “

First Hawaiian (NYSE:FHB) traded down 1.31% during mid-day trading on Friday, hitting $29.41. 191,622 shares of the stock traded hands. The stock has a market cap of $4.10 billion and a price-to-earnings ratio of 17.82. The company’s 50 day moving average price is $30.12 and its 200-day moving average price is $30.72. First Hawaiian has a 1-year low of $23.00 and a 1-year high of $35.47.

First Hawaiian (NYSE:FHB) last announced its earnings results on Tuesday, January 24th. The bank reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The firm earned $131.25 million during the quarter, compared to the consensus estimate of $139 million. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Analysts predict that First Hawaiian will post $1.65 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This article was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/04/21/zacks-investment-research-downgrades-first-hawaiian-inc-fhb-to-hold-2-updated.html.

In other news, Director Paribas Bnp sold 25,000,000 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $32.00, for a total transaction of $800,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional investors have recently bought and sold shares of the stock. Geneva Advisors LLC purchased a new stake in shares of First Hawaiian during the third quarter worth approximately $200,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of First Hawaiian during the third quarter worth approximately $207,000. Janus Capital Management LLC purchased a new stake in shares of First Hawaiian during the fourth quarter worth approximately $239,000. TD Asset Management Inc. bought a new stake in First Hawaiian during the third quarter valued at approximately $379,000. Finally, State of Wisconsin Investment Board bought a new stake in First Hawaiian during the third quarter valued at approximately $416,000.

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.

5 Day Chart for NYSE:FHB

Get a free copy of the Zacks research report on First Hawaiian (FHB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First Hawaiian Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply