Wells Fargo analyst Mike Mayo maintained a Sell rating on First Hawaiian (FHB – Research Report) yesterday and set a price target of $20.00. The company’s shares closed yesterday at $21.94.
Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of America. According to TipRanks, Mayo has an average return of 12.5% and a 65.83% success rate on recommended stocks.
First Hawaiian has an analyst consensus of Moderate Sell, with a price target consensus of $23.20, which is a 5.74% upside from current levels. In a report released on April 26, Goldman Sachs also maintained a Sell rating on the stock with a $23.00 price target.
FHB market cap is currently $2.81B and has a P/E ratio of 12.71.
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First Hawaiian (FHB) Company Description:
First Hawaiian, Inc. is a bank holding company, which engages in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other. The Retail Banking segment offers residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, and small business loans and leases; deposits such as checking, savings and time deposit accounts to consumers, small businesses and certain commercial customers. The Commercial Banking segment provides corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards that they provide primarily to middle market and large companies in Hawaii, Guam, Saipan, and California. The Treasury and Other segment relates to treasury business, which consists of corporate asset and liability management activities, including interest rate risk management; as well as organizational units such as technology, operations, credit and risk management, human resources, finance, administration, marketing, and corporate and regulatory administration. The company was founded in 1858 and is headquartered in Honolulu, HI.
