Stocks of First Hawaiian Inc. (NASDAQ:FHB) traded higher last session on Wall Street, down -6.36% to $23.86.
According to the data, First Hawaiian Inc. (NASDAQ:FHB) has 8 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $24.00, we find $27.00. Given the previous closing price of $25.48, this indicates a potential upside of 5.97 percent. FHB stock price is now -10.23% away from the 50-day moving average and -6.48% away from the 200-day moving average. The market capitalization of the company currently stands at $3.00B.
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A total of 6 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $27.57 as their price target over the next twelve months.
With the price target maintained at $26, JP Morgan recently Upgraded its rating from Underweight to Neutral for First Hawaiian Inc. (NASDAQ: FHB). On April 25, 2022, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $34, while ‘Compass Point’ rates the stock as ‘Neutral’.
Insiders disposed of 33,013 shares of company stock worth roughly $0.79 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FHB stock. A new stake in First Hawaiian Inc. shares was purchased by NN INVESTMENT PARTNERS HOLDINGS N.V. during the first quarter worth $13,330,000. SAPIENCE INVESTMENTS, LLC invested $7,178,000 in shares of FHB during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in First Hawaiian Inc. valued at approximately $1,540,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in FHB for approximately $1,488,000. LINDEN THOMAS ADVISORY SERVICES, LLC purchased a new stake in FHB valued at around $1,063,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $25.22 for First Hawaiian Inc. (NASDAQ: FHB). During the past 12 months, First Hawaiian Inc. has had a low of $21.21 and a high of $29.53. The fifty day moving average price for FHB is $26.58 and a two-hundred day moving average price translates $25.51 for the stock.
The latest earnings results from First Hawaiian Inc. (NASDAQ: FHB) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $0.62, beating analysts’ expectations of $0.58 by 0.04. This compares to $0.44 EPS in the same period last year. The net profit margin was 40.10% and return on equity was 11.80% for FHB. The company reported revenue of $200.47 million for the quarter, compared to $141.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.86 percent. For the current quarter, analysts expect FHB to generate $220.92M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/03/2023. Investors who held shares on 02/17/2023 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 4.36% percent yield. There was an ex-dividend date of 02/16/2023 for this dividend. In terms of dividend payout ratio, FHB is presently at 49.90%.
First Hawaiian Inc.(FHB) 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 through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts. It also provides residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, and small business loans and leases, as well as commercial lease and auto dealer financing. In addition, the company offers personal installment, credit card, individual investment and financial planning, insurance protection, trust and estate, private banking, retirement planning, treasury, and merchant processing services. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. First Hawaiian, Inc. was founded in 1858 and is headquartered in Honolulu, Hawaii.
