First Hawaiian, Inc. (NASDAQ:FHB) Receives Average Recommendation of “Sell” from Analysts

First Hawaiian, Inc. (NASDAQ:FHB) has been assigned an average rating of “Sell” from the three analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $21.00.

FHB has been the subject of a number of analyst reports. Barclays cut their price objective on First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday. Wells Fargo & Company dropped their price objective on First Hawaiian from $20.00 to $18.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of First Hawaiian from $25.50 to $24.00 and set a “neutral” rating for the company in a report on Thursday.

Institutional Trading of First Hawaiian

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its position in First Hawaiian by 6.0% during the third quarter. Northern Trust Corp now owns 1,428,756 shares of the bank’s stock worth $25,789,000 after purchasing an additional 80,243 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in First Hawaiian in the third quarter valued at approximately $210,000. O Shaughnessy Asset Management LLC acquired a new position in First Hawaiian during the third quarter valued at approximately $701,000. Richard Bernstein Advisors LLC bought a new stake in First Hawaiian during the third quarter worth $3,437,000. Finally, Evergreen Capital Management LLC boosted its holdings in shares of First Hawaiian by 5.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 30,249 shares of the bank’s stock valued at $546,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Up 0.1 %

NASDAQ FHB traded up $0.02 during trading on Thursday, hitting $20.31. The company’s stock had a trading volume of 47,862 shares, compared to its average volume of 650,236. First Hawaiian has a 52 week low of $17.18 and a 52 week high of $23.22. The firm has a market cap of $2.60 billion, a P/E ratio of 11.66 and a beta of 0.98. The firm has a 50 day moving average price of $20.95 and a 200 day moving average price of $21.40.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $205.80 million during the quarter, compared to analyst estimates of $202.41 million. First Hawaiian had a net margin of 19.20% and a return on equity of 9.16%. On average, equities analysts expect that First Hawaiian will post 1.71 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, May 17th. This represents a $1.04 annualized dividend and a yield of 5.12%. First Hawaiian’s payout ratio is currently 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.