First Hawaiian (FHB) Earns Coverage Optimism Score of 0.17
Media coverage about First Hawaiian (NYSE:FHB) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Hawaiian earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.9434685346427 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts recently commented on FHB shares. Zacks Investment Research cut First Hawaiian from a “buy” rating to a “hold” rating in a report on Monday, July 17th. UBS AG reiterated a “neutral” rating and issued a $29.00 target price (down from $30.00) on shares of First Hawaiian in a report on Monday, July 31st. BidaskClub upgraded First Hawaiian from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, Barclays PLC set a $32.00 price target on First Hawaiian and gave the company a “buy” rating in a research note on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
Shares of First Hawaiian (FHB) traded down $0.05 on Friday, reaching $27.55. The company’s stock had a trading volume of 6,041 shares, compared to its average volume of 242,415. First Hawaiian has a 12-month low of $26.30 and a 12-month high of $35.47.
First Hawaiian (NYSE:FHB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. First Hawaiian had a return on equity of 9.12% and a net margin of 32.09%. The firm had revenue of $133.32 million for the quarter, compared to analyst estimates of $136.44 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, November 24th.
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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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