First Hawaiian Inc (NASDAQ:FHB) CFO Ravi Mallela bought 3,290 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $14.87 per share, for a total transaction of $48,922.30.
NASDAQ:FHB traded up $1.48 during trading hours on Tuesday, reaching $15.46. 1,341,100 shares of the stock were exchanged, compared to its average volume of 1,121,420. The stock has a market cap of $1.82 billion, a PE ratio of 7.76 and a beta of 1.36. First Hawaiian Inc has a twelve month low of $13.56 and a twelve month high of $31.25. The firm has a 50 day moving average of $16.14 and a 200 day moving average of $24.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.
First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, April 24th. The bank reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). First Hawaiian had a net margin of 29.48% and a return on equity of 9.73%. The business had revenue of $187.91 million during the quarter, compared to the consensus estimate of $188.14 million. During the same period last year, the business posted $0.53 EPS. Equities research analysts anticipate that First Hawaiian Inc will post 1.03 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc RI bought a new position in shares of First Hawaiian in the fourth quarter valued at $34,000. Twin Tree Management LP acquired a new stake in First Hawaiian in the first quarter valued at $40,000. FinTrust Capital Advisors LLC acquired a new stake in First Hawaiian in the first quarter valued at $61,000. Great Diamond Partners LLC acquired a new position in shares of First Hawaiian during the 4th quarter worth about $75,000. Finally, Advisor Group Holdings Inc. bought a new stake in shares of First Hawaiian in the 1st quarter valued at about $80,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. TheStreet downgraded First Hawaiian from a “b” rating to a “c+” rating in a research report on Monday, March 9th. Zacks Investment Research downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, March 31st. Compass Point upgraded shares of First Hawaiian from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, April 27th. Keefe, Bruyette & Woods lowered First Hawaiian from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research note on Wednesday, April 1st. Finally, UBS Group lifted their price objective on shares of First Hawaiian from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.43.
First Hawaiian 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 in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.
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