ValuEngine Upgrades First Hawaiian (FHB) to “Buy”

ValuEngine upgraded shares of First Hawaiian (NASDAQ:FHB) from a hold rating to a buy rating in a report published on Friday.

Several other research firms also recently weighed in on FHB. BidaskClub raised shares of First Hawaiian from a hold rating to a buy rating in a research note on Saturday, October 21st. Barclays set a $32.00 target price on shares of First Hawaiian and gave the stock a buy rating in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of First Hawaiian from a sell rating to a hold rating in a research report on Friday, November 3rd. Finally, UBS boosted their target price on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a neutral rating in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $32.50.

First Hawaiian (FHB) opened at $30.45 on Friday. The company has a market cap of $4,134.55, a price-to-earnings ratio of 18.06, a PEG ratio of 4.94 and a beta of 0.76. First Hawaiian has a fifty-two week low of $26.30 and a fifty-two week high of $35.47.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $133.32 million for the quarter, compared to analyst estimates of $136.44 million. First Hawaiian had a net margin of 30.22% and a return on equity of 9.02%. First Hawaiian’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. equities research analysts expect that First Hawaiian will post 1.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, November 24th. First Hawaiian’s payout ratio is 53.33%.

Several hedge funds have recently made changes to their positions in FHB. Pacer Advisors Inc. increased its holdings in shares of First Hawaiian by 11.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after buying an additional 374 shares during the last quarter. US Bancorp DE bought a new position in shares of First Hawaiian during the 2nd quarter valued at $118,000. UBS Group AG grew its holdings in shares of First Hawaiian by 308.6% during the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock valued at $122,000 after purchasing an additional 3,086 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Hawaiian during the 3rd quarter valued at $208,000. Finally, Aperio Group LLC bought a new position in shares of First Hawaiian during the 3rd quarter valued at $210,000. Institutional investors own 35.74% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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