A number of other analysts have also commented on the stock. Keefe, Bruyette & Woods raised shares of First Hawaiian from a market perform rating to an outperform rating in a research note on Tuesday, March 13th. BidaskClub lowered shares of First Hawaiian from a buy rating to a hold rating in a research note on Saturday, March 17th. Zacks Investment Research raised shares of First Hawaiian from a sell rating to a hold rating in a research note on Tuesday. Citigroup reaffirmed a neutral rating and set a $32.00 price objective on shares of First Hawaiian in a research note on Wednesday, January 24th. Finally, ValuEngine lowered shares of First Hawaiian from a buy rating to a hold rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $32.50.
First Hawaiian stock traded down $0.56 during trading hours on Thursday, hitting $27.71. 126,879 shares of the stock traded hands, compared to its average volume of 370,598. First Hawaiian has a one year low of $26.30 and a one year high of $32.36. The company has a market cap of $4,034.47, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 2.10 and a beta of 0.48.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.46%. This is a positive change from First Hawaiian’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, February 23rd. First Hawaiian’s dividend payout ratio is 72.73%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in First Hawaiian during the fourth quarter valued at approximately $137,000. Jane Street Group LLC bought a new position in First Hawaiian during the third quarter valued at approximately $208,000. Aperio Group LLC bought a new position in First Hawaiian during the third quarter valued at approximately $210,000. Cadence Capital Management LLC bought a new position in First Hawaiian during the third quarter valued at approximately $245,000. Finally, Koch Industries Inc. bought a new position in First Hawaiian during the fourth quarter valued at approximately $251,000. 36.30% of the stock is owned by institutional investors and hedge funds.
First Hawaiian Company Profile
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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