Press coverage about First Hawaiian (NASDAQ:FHB) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Hawaiian earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.2890992267898 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Keefe, Bruyette & Woods Upgrades First Hawaiian (FHB) to Outperform, ‘Positive Catalysts Will Help to Narrow Valuation Gap Over Time’ (streetinsider.com)
- Should FHB Jelzálogbank Nyrt’s (BUSE:FHB) Recent Earnings Decline Worry You? (finance.yahoo.com)
- First Hawaiian (FHB) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- McDonald’s franchisee honored with business lifetime achievement award (mauinews.com)
- First Hawaiian (FHB) Rating Increased to Outperform at Keefe, Bruyette & Woods (americanbankingnews.com)
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods raised shares of First Hawaiian from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Barclays raised their target price on shares of First Hawaiian from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $32.38.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results 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 9.10%. The firm had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.40 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts expect that First Hawaiian will post 1.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a dividend of $0.24 per share. This is a boost from First Hawaiian’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, February 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.28%. First Hawaiian’s dividend payout ratio is presently 72.73%.
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About First Hawaiian
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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