First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) has earned a consensus rating of “Reduce” from the four ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.20.
FHB has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of First Hawaiian from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 4th. StockNews.com assumed coverage on shares of First Hawaiian in a research report on Thursday, October 5th. They set a “sell” rating for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Monday, July 31st.
Institutional Investors Weigh In On First Hawaiian
First Hawaiian Stock Up 0.4 %
Shares of NASDAQ:FHB opened at $19.49 on Thursday. First Hawaiian has a 52-week low of $15.08 and a 52-week high of $28.28. The company has a 50 day moving average of $18.20 and a two-hundred day moving average of $18.56. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.33 and a beta of 1.04.
First Hawaiian (NASDAQ:FHB – Get Free Report) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. First Hawaiian had a net margin of 24.88% and a return on equity of 11.48%. The company had revenue of $285.90 million during the quarter, compared to the consensus estimate of $199.36 million. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts anticipate that First Hawaiian will post 1.93 earnings per share for the current year.
First Hawaiian Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Friday, November 17th. First Hawaiian’s dividend payout ratio is presently 49.76%.
First Hawaiian Company Profile
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 through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, include checking and savings accounts, and other deposit accounts.
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