The price of First Hawaiian Inc. (NASDAQ:FHB) shares last traded on Wall Street rose 3.16% to $18.58.
Based on available information, 7 analysts follow First Hawaiian Inc. (NASDAQ:FHB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $18.00, we find $19.50. Given the previous closing price of $18.01, this indicates a potential upside of 8.27 percent. FHB stock price is now 3.84% away from the 50-day moving average and -20.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2.35B.
Among analysts, 5 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $20.33 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).
In other news, Harrison Robert S, CHAIRMAN, PRESIDENT AND CEO bought 23,500 shares of the company’s stock on Mar 16. The stock was bought for $507,786 at an average price of $21.61. Upon completion of the transaction, the CHAIRMAN, PRESIDENT AND CEO now directly owns 350,449 shares in the company, valued at $6.51 million. Insiders disposed of 48,222 shares of company stock worth roughly $0.9 million over the past 1 year. A total of 0.55% 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 MARSHALL WACE, LLP during the first quarter worth $8,609,000. JANE STREET GROUP, LLC invested $2,437,000 in shares of FHB during the first quarter. In the first quarter, CIPHER CAPITAL LP acquired a new stake in First Hawaiian Inc. valued at approximately $1,186,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in FHB for approximately $980,000. TREXQUANT INVESTMENT LP purchased a new stake in FHB valued at around $946,000 in the second quarter. In total, there are 345 active investors with 100.99% ownership of the company’s stock.
During the past 12 months, First Hawaiian Inc. has had a low of $15.08 and a high of $28.28. The fifty day moving average price for FHB is $17.89 and a two-hundred day moving average price translates $23.25 for the stock.
The latest earnings results from First Hawaiian Inc. (NASDAQ: FHB) was released for Mar, 2023. According to the Banks – Regional Company, earnings per share came in at $0.52, missing analysts’ expectations of $0.54 by -0.02. This compares to $0.45 EPS in the same period last year. The net profit margin was 37.10% and return on equity was 12.10% for FHB. The company reported revenue of $213.54 million for the quarter, compared to $136.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 56.3 percent. For the current quarter, analysts expect FHB to generate $213.2M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/02/2023. Investors who held shares on 05/22/2023 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 5.60% percent yield. There was an ex-dividend date of 05/19/2023 for this dividend. In terms of dividend payout ratio, FHB is presently at 48.20%.
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 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. It also provides residential and commercial mortgage loans, home equity lines of credit and loans, automobile loans and leases, secured and unsecured 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, individual investment and financial planning, insurance protection, trust and estate, private banking, retirement planning, commercial credit cards, and merchant processing services, as well as consumer and commercial credit cards. 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.
