Analysts’ Weekly Ratings Updates for First Hawaiian Bank (FHB)

Several brokerages have updated their recommendations and price targets on shares of First Hawaiian Bank (NASDAQ: FHB) in the last few weeks:

  • 4/2/2018 – First Hawaiian Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 3/27/2018 – First Hawaiian Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/22/2018 – First Hawaiian Bank is now covered by analysts at UBS. They set a “neutral” rating and a $31.00 price target on the stock.
  • 3/20/2018 – First Hawaiian Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 3/17/2018 – First Hawaiian Bank was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/13/2018 – First Hawaiian Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/13/2018 – First Hawaiian Bank was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating.
  • 3/9/2018 – First Hawaiian Bank was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/5/2018 – First Hawaiian Bank was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. 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. “
  • 3/2/2018 – First Hawaiian Bank was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “

FHB traded up $0.27 during trading on Tuesday, reaching $27.76. 125,020 shares of the stock traded hands, compared to its average volume of 351,008. The stock has a market capitalization of $3,848.80, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 2.00 and a beta of 0.42. First Hawaiian Bank has a 12 month low of $26.30 and a 12 month high of $32.36.

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First Hawaiian Bank (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. First Hawaiian Bank had a net margin of 23.80% and a return on equity of 9.10%. The firm had revenue of $134.90 million for the quarter, compared to analyst estimates of $135.40 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. research analysts forecast that First Hawaiian Bank will post 1.97 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its holdings in shares of First Hawaiian Bank by 5.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 38,960 shares of the bank’s stock worth $1,137,000 after acquiring an additional 1,864 shares during the last quarter. Russell Investments Group Ltd. increased its stake in First Hawaiian Bank by 12.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 26,168 shares of the bank’s stock valued at $792,000 after buying an additional 2,860 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in First Hawaiian Bank by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 108,740 shares of the bank’s stock valued at $3,173,000 after buying an additional 3,638 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in First Hawaiian Bank in the 4th quarter valued at about $137,000. Finally, Jane Street Group LLC purchased a new stake in First Hawaiian Bank in the 3rd quarter valued at about $208,000. Institutional investors own 36.30% of the company’s stock.

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

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