BidaskClub upgraded shares of First Hawaiian (NASDAQ:FHB) from a hold rating to a buy rating in a research note released on Monday morning, BidAskClub reports.

A number of other brokerages have also issued reports on FHB. Zacks Investment Research upgraded shares of First Hawaiian from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Friday, April 5th. ValuEngine raised First Hawaiian from a sell rating to a hold rating in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $28.25.

Shares of NASDAQ:FHB opened at $25.77 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 3.49 and a beta of 1.18. First Hawaiian has a 1 year low of $21.19 and a 1 year high of $30.95.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $145.10 million for the quarter, compared to analyst estimates of $146.96 million. First Hawaiian had a net margin of 31.67% and a return on equity of 11.60%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. Analysts anticipate that First Hawaiian will post 2.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, May 24th. First Hawaiian’s dividend payout ratio is presently 49.76%.

Several institutional investors have recently made changes to their positions in FHB. Enlightenment Research LLC acquired a new position in shares of First Hawaiian during the fourth quarter worth about $27,000. Parkside Financial Bank & Trust grew its position in shares of First Hawaiian by 165.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,894 shares of the bank’s stock worth $49,000 after buying an additional 1,180 shares in the last quarter. American International Group Inc. grew its position in shares of First Hawaiian by 19.2% during the first quarter. American International Group Inc. now owns 2,309 shares of the bank’s stock worth $60,000 after buying an additional 372 shares in the last quarter. Toronto Dominion Bank grew its position in shares of First Hawaiian by 10,646.7% during the fourth quarter. Toronto Dominion Bank now owns 3,224 shares of the bank’s stock worth $73,000 after buying an additional 3,194 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in First Hawaiian in the first quarter valued at approximately $74,000. 97.09% of the stock is owned by institutional investors and hedge funds.

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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