Media coverage about First Hawaiian Bank (NASDAQ:FHB) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Hawaiian Bank earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.0303576930596 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- First Hawaiian (FHB) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- First Hawaiian (FHB) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- First Hawaiian (FHB) PT Raised to $36.00 at Barclays (americanbankingnews.com)
- First Hawaiian Inc (FHB) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- First Hawaiian (FHB) Downgraded by Goldman Sachs (americanbankingnews.com)
FHB has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price target on shares of First Hawaiian Bank in a research note on Friday, December 22nd. Zacks Investment Research upgraded First Hawaiian Bank from a “sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase downgraded First Hawaiian Bank from an “overweight” rating to a “neutral” rating and set a $32.00 price target for the company. in a research report on Friday, January 26th. ValuEngine downgraded First Hawaiian Bank from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, BidaskClub downgraded First Hawaiian Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.
First Hawaiian Bank (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $134.90 million for the quarter, compared to analyst estimates of $135.40 million. First Hawaiian Bank had a return on equity of 9.10% and a net margin of 23.80%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. research analysts forecast that First Hawaiian Bank will post 1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 26th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from First Hawaiian Bank’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 3.42%. First Hawaiian Bank’s payout ratio is currently 58.18%.
About First Hawaiian Bank
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 through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.
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