First Hawaiian Inc (NASDAQ:FHB) shares saw unusually-strong trading volume on Wednesday . Approximately 914,235 shares were traded during trading, an increase of 157% from the previous session’s volume of 356,313 shares.The stock last traded at $29.25 and had previously closed at $28.63.
Several brokerages recently issued reports on FHB. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of First Hawaiian in a research note on Friday, December 22nd. JPMorgan Chase & Co. lowered First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research note on Friday, January 26th. ValuEngine lowered First Hawaiian from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, March 5th. Finally, BidaskClub lowered First Hawaiian from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. First Hawaiian has an average rating of “Hold” and a consensus price target of $32.38.
The stock has a market cap of $4,020.51, a P/E ratio of 22.16, a PEG ratio of 2.10 and a beta of 0.48.
First Hawaiian (NASDAQ:FHB) last released 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 had a return on equity of 9.10% and a net margin of 23.80%. The company had revenue of $134.90 million for the quarter, compared to analyst estimates of $135.40 million. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. equities analysts forecast that First Hawaiian Inc will post 1.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a $0.24 dividend. This is a positive change from First Hawaiian’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, February 23rd. First Hawaiian’s dividend payout ratio is currently 72.73%.
Several hedge funds have recently added to or reduced their stakes in FHB. Janus Henderson Group PLC grew its position in First Hawaiian by 8.5% during the 3rd quarter. Janus Henderson Group PLC now owns 4,517,093 shares of the bank’s stock worth $136,823,000 after acquiring an additional 355,208 shares during the last quarter. BlackRock Inc. grew its position in First Hawaiian by 0.6% during the 4th quarter. BlackRock Inc. now owns 2,317,894 shares of the bank’s stock worth $67,638,000 after acquiring an additional 14,129 shares during the last quarter. Villere ST Denis J & Co. LLC grew its position in First Hawaiian by 15.1% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 1,969,699 shares of the bank’s stock worth $57,475,000 after acquiring an additional 259,056 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in First Hawaiian by 45.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,814,950 shares of the bank’s stock worth $54,975,000 after acquiring an additional 566,520 shares during the last quarter. Finally, American Century Companies Inc. grew its position in First Hawaiian by 21.3% during the 4th quarter. American Century Companies Inc. now owns 1,139,142 shares of the bank’s stock worth $33,240,000 after acquiring an additional 200,317 shares during the last quarter. Institutional investors own 36.30% of the company’s stock.
About First Hawaiian
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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