First Hawaiian (NASDAQ:FHB – Free Report) had its price objective lowered by Barclays from $25.00 to $24.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the bank’s stock.
First Hawaiian Stock Up 2.2 %
FHB stock opened at $20.49 on Monday. First Hawaiian has a twelve month low of $17.18 and a twelve month high of $23.22. The stock’s 50 day moving average is $20.96 and its 200-day moving average is $21.40. The firm has a market capitalization of $2.62 billion, a PE ratio of 11.78 and a beta of 0.98.
First Hawaiian (NASDAQ:FHB – Get Free Report) last posted its earnings results on Friday, April 26th. The bank reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. The company had revenue of $205.80 million for the quarter, compared to analyst estimates of $202.41 million. On average, equities research analysts anticipate that First Hawaiian will post 1.71 earnings per share for the current fiscal year.
First Hawaiian Announces Dividend
Institutional Trading of First Hawaiian
A number of hedge funds have recently bought and sold shares of FHB. Global Retirement Partners LLC lifted its holdings in First Hawaiian by 196.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after acquiring an additional 831 shares during the period. GAMMA Investing LLC bought a new stake in First Hawaiian during the fourth quarter worth $37,000. Quent Capital LLC lifted its holdings in First Hawaiian by 86.5% during the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after acquiring an additional 816 shares during the period. TFO Wealth Partners LLC lifted its holdings in First Hawaiian by 35,620.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock worth $41,000 after acquiring an additional 1,781 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in First Hawaiian during the first quarter worth $42,000. 97.63% of the stock is currently owned by institutional investors.
About First Hawaiian
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 in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.
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