First Hawaiian (NASDAQ:FHB) Announces Quarterly Earnings Results

First Hawaiian (NASDAQ:FHB) issued its quarterly earnings results on Friday. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01, RTT News reports. First Hawaiian had a net margin of 18.83% and a return on equity of 8.83%. During the same quarter last year, the business posted $0.37 EPS.

First Hawaiian Price Performance

FHB opened at $27.62 on Friday. The stock has a market cap of $3.53 billion, a P/E ratio of 15.78 and a beta of 0.99. The firm has a fifty day moving average price of $26.42 and a 200 day moving average price of $25.00. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FHB. Stephens began coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. Wells Fargo & Company raised their price objective on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.86.

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.