First Hawaiian (NASDAQ:FHB) Raised to “Strong-Buy” at BidaskClub

First Hawaiian (NASDAQ:FHB) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lowered shares of First Hawaiian from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $26.50 to $26.00 in a research report on Monday, July 29th. TheStreet raised shares of First Hawaiian from a “c” rating to a “b-” rating in a research report on Monday, August 5th. Finally, Zacks Investment Research lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.25.

Shares of FHB opened at $27.64 on Friday. The firm has a market capitalization of $3.67 billion, a PE ratio of 13.22, a PEG ratio of 4.77 and a beta of 1.15. The company’s 50-day moving average is $26.63 and its 200-day moving average is $26.22. First Hawaiian has a fifty-two week low of $21.19 and a fifty-two week high of $28.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.82.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $194.39 million for the quarter, compared to analyst estimates of $196.31 million. First Hawaiian had a net margin of 31.56% and a return on equity of 11.48%. During the same period in the prior year, the firm earned $0.50 earnings per share. Analysts predict that First Hawaiian will post 2.16 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in FHB. Vanguard Group Inc. increased its position in First Hawaiian by 0.8% during the second quarter. Vanguard Group Inc. now owns 12,269,765 shares of the bank’s stock worth $317,419,000 after acquiring an additional 101,289 shares during the period. JPMorgan Chase & Co. increased its position in First Hawaiian by 3.6% during the second quarter. JPMorgan Chase & Co. now owns 4,464,547 shares of the bank’s stock worth $114,561,000 after acquiring an additional 156,743 shares during the period. Macquarie Group Ltd. increased its position in First Hawaiian by 3.0% during the second quarter. Macquarie Group Ltd. now owns 3,219,674 shares of the bank’s stock worth $83,293,000 after acquiring an additional 92,929 shares during the period. Villere ST Denis J & Co. LLC increased its position in First Hawaiian by 1.6% during the second quarter. Villere ST Denis J & Co. LLC now owns 3,052,912 shares of the bank’s stock worth $78,978,000 after acquiring an additional 48,930 shares during the period. Finally, Wells Fargo & Company MN increased its position in First Hawaiian by 20.7% during the second quarter. Wells Fargo & Company MN now owns 2,815,790 shares of the bank’s stock worth $72,844,000 after acquiring an additional 483,658 shares during the period. 95.87% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Company Profile

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 in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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