First Hawaiian (NASDAQ:FHB) Rating Lowered to Sell at UBS Group

UBS Group lowered shares of First Hawaiian (NASDAQ:FHB) from a neutral rating to a sell rating in a report issued on Monday, BenzingaRatingsTable reports. They currently have $13.00 price objective on the bank’s stock, down from their prior price objective of $15.00.

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of First Hawaiian from a hold rating to a sell rating in a research note on Monday, June 1st. Compass Point raised shares of First Hawaiian from a neutral rating to a buy rating and set a $21.00 price objective for the company in a research note on Monday, April 27th. Keefe, Bruyette & Woods downgraded shares of First Hawaiian from an outperform rating to a market perform rating and set a $22.00 price objective for the company. in a research note on Wednesday, April 1st. BidaskClub upgraded shares of First Hawaiian from a strong sell rating to a sell rating in a research report on Saturday, June 6th. Finally, TheStreet cut shares of First Hawaiian from a b rating to a c+ rating in a research report on Monday, March 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $21.50.

First Hawaiian stock opened at $16.71 on Monday. The company has a market capitalization of $2.17 billion, a PE ratio of 8.70 and a beta of 1.34. The firm has a fifty day simple moving average of $17.11 and a two-hundred day simple moving average of $21.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. First Hawaiian has a twelve month low of $13.56 and a twelve month high of $31.25.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, April 24th. The bank reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). The firm had revenue of $187.91 million for the quarter, compared to the consensus estimate of $188.14 million. First Hawaiian had a net margin of 29.48% and a return on equity of 9.73%. During the same period last year, the company posted $0.53 earnings per share. As a group, equities analysts expect that First Hawaiian will post 1.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 26th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend was Friday, May 22nd. First Hawaiian’s dividend payout ratio is currently 47.49%.

In other First Hawaiian news, CFO Ravi Mallela acquired 3,290 shares of the business’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $14.87 per share, for a total transaction of $48,922.30. 0.57% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of First Hawaiian during the first quarter valued at approximately $40,000. Metropolitan Life Insurance Co NY lifted its position in First Hawaiian by 21.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock valued at $83,000 after purchasing an additional 564 shares during the period. FinTrust Capital Advisors LLC bought a new position in First Hawaiian during the first quarter valued at approximately $61,000. Advisor Group Holdings Inc. bought a new position in First Hawaiian during the first quarter valued at approximately $80,000. Finally, Cubist Systematic Strategies LLC lifted its position in First Hawaiian by 3,436.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,072 shares of the bank’s stock valued at $204,000 after purchasing an additional 6,872 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

About First Hawaiian

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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Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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