Somewhat Positive News Coverage Somewhat Unlikely to Affect First Hawaiian (FHB) Stock Price
Media stories about First Hawaiian (NASDAQ:FHB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Hawaiian earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.6926784161521 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- First Hawaiian Bank wins twice (thegardenisland.com)
- Is Buying First Hawaiian Inc (FHB) For Its Upcoming $0.22 Dividend A Good Choice? (finance.yahoo.com)
- First Hawaiian : other lenders win awards from isle SBA (4-traders.com)
- FHB names business banking officer (postguam.com)
- FHB employees, retirees give $756K to 34 charities (saipantribune.com)
First Hawaiian (NASDAQ:FHB) traded up $0.13 during mid-day trading on Tuesday, hitting $28.38. The stock had a trading volume of 133,100 shares, compared to its average volume of 462,949. The company has a market cap of $3,940.00 and a P/E ratio of 17.23. First Hawaiian has a 12 month low of $26.30 and a 12 month high of $35.47.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $133.32 million during the quarter, compared to the consensus estimate of $136.44 million. First Hawaiian had a return on equity of 9.02% and a net margin of 30.22%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. sell-side analysts predict that First Hawaiian will post 1.63 EPS for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Friday, November 24th. This represents a $0.88 annualized dividend and a yield of 3.10%. First Hawaiian’s dividend payout ratio is currently 53.66%.
Several brokerages have recently issued reports on FHB. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Barclays PLC set a $32.00 target price on First Hawaiian and gave the company a “buy” rating in a research report on Wednesday, October 11th. UBS AG reaffirmed a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. Finally, Zacks Investment Research raised First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. First Hawaiian currently has a consensus rating of “Hold” and a consensus target price of $32.50.
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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