Somewhat Favorable News Coverage Somewhat Unlikely to Impact First Hawaiian (FHB) Stock Price
News articles about First Hawaiian (NASDAQ:FHB) have trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Hawaiian earned a news impact score of 0.20 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.826776659141 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
First Hawaiian (NASDAQ FHB) opened at $27.85 on Tuesday. First Hawaiian has a 1 year low of $26.30 and a 1 year high of $32.52. The company has a market cap of $3,830.00 and a P/E ratio of 21.10.
First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. First Hawaiian had a net margin of 23.80% and a return on equity of 9.09%. The firm had revenue of $134.90 million for the quarter, compared to the consensus estimate of $135.40 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. sell-side analysts predict that First Hawaiian will post 1.97 EPS for the current fiscal year.
FHB has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of First Hawaiian in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. lowered shares of First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price target on the stock. in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.75.
First Hawaiian Company Profile
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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