Notable Runner: What Will Happen to First Hawaiian Inc Next? The Stock Just Reaches 52-Week High

Notable Runner: What Will Happen to First Hawaiian Inc Next? The Stock Just Reaches 52 Week High

The stock of First Hawaiian Inc (NASDAQ:FHB) hit a new 52-week high and has $32.52 target or 5.00% above today’s $30.97 share price. The 8 months bullish chart indicates low risk for the $4.35 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $32.52 price target is reached, the company will be worth $217.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 44,609 shares traded hands. First Hawaiian Inc (NASDAQ:FHB) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

First Hawaiian Inc (NASDAQ:FHB) Ratings Coverage

Out of 10 analysts covering First Hawaiian (NASDAQ:FHB), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. First Hawaiian has been the topic of 10 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 11 by Compass Point. The firm has “Market Perform” rating given on Monday, August 29 by Keefe Bruyette & Woods. Wells Fargo initiated the shares of FHB in a report on Monday, August 29 with “Market Perform” rating. The company was initiated on Monday, August 29 by Barclays Capital. The firm has “Neutral” rating by Citigroup given on Monday, August 29. On Monday, August 29 the stock rating was initiated by Deutsche Bank with “Hold”. The stock of First Hawaiian Inc (NASDAQ:FHB) earned “Neutral” rating by UBS on Monday, August 29. JP Morgan initiated the stock with “Overweight” rating in Monday, August 29 report. The firm has “Outperform” rating given on Monday, August 29 by Credit Suisse. The stock has “Neutral” rating given by Goldman Sachs on Monday, August 29.

According to Zacks Investment Research, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California.”

More notable recent First Hawaiian Inc (NASDAQ:FHB) news were published by: Bloomberg.com which released: “BNP Paribas-Backed First Hawaiian Aims for $485 Million IPO” on July 26, 2016, also Wsj.com with their article: “BNP Plans IPO of First Hawaiian Bank” published on April 07, 2016, Globenewswire.com published: “First Hawaiian, Inc. Announces Pricing of Initial Public Offering” on August 04, 2016. More interesting news about First Hawaiian Inc (NASDAQ:FHB) were released by: Wsj.com and their article: “BNP’s First Hawaiian Files for IPO” published on July 08, 2016 as well as Bloomberg.com‘s news article titled: “BNP’s First Hawaiian IPO Said to Value Bank Up to $4 Billion” with publication date: July 22, 2016.

FHB Company Profile

First Hawaiian, Inc. is a bank holding company. The Company’s subsidiary, First Hawaiian Bank, is a financial institution. The Firm operates through three divisions: Retail Banking; Commercial Banking; and Treasury and Other. Retail Banking serves retail clients and small businesses and offers a range of services and products that include deposit products, mortgage and home equity lending, auto financing, business loans and wealth management services. Commercial Banking offers a range of financial services and products, including corporate banking, residential and commercial real estate lending, commercial lease financing, auto dealer financing, deposit products and credit cards. Commercial lending and deposit products are offered primarily to middle-market and large companies in Hawaii, Guam, Saipan and California. Treasury and Other segment includes its treasury business. The bank has approximately 57 branches throughout Hawaii, over three in Guam and approximately two in Saipan. It offers a range of banking services to consumer and commercial customers, including deposit products, lending services and wealth management, insurance, private banking and trust services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment