The stock of First Hawaiian Inc (NASDAQ:FHB) reached all time high today, Nov, 21 and still has $45.11 target or 48.00% above today’s $30.48 share price. This indicates more upside for the $4.29B company. This technical setup was reported by Barchart.com. If the $45.11 PT is reached, the company will be worth $2.06B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.18% or $0.65 on November 21, hitting $30.48. About 109,012 shares traded hands. First Hawaiian Inc (NASDAQ:FHB) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% 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. Deutsche Bank initiated the stock with “Hold” rating in Monday, August 29 report. Keefe Bruyette & Woods initiated First Hawaiian Inc (NASDAQ:FHB) rating on Monday, August 29. Keefe Bruyette & Woods has “Market Perform” rating and $27 price target. The rating was initiated by UBS with “Neutral” on Monday, August 29. The firm earned “Market Perform” rating on Monday, August 29 by Wells Fargo. Goldman Sachs initiated First Hawaiian Inc (NASDAQ:FHB) rating on Monday, August 29. Goldman Sachs has “Neutral” rating and $27 price target. The rating was initiated by Citigroup with “Neutral” on Monday, August 29. Credit Suisse initiated First Hawaiian Inc (NASDAQ:FHB) rating on Monday, August 29. Credit Suisse has “Outperform” rating and $29 price target. The firm earned “Overweight” rating on Monday, August 29 by JP Morgan. The firm has “Buy” rating by Compass Point given on Thursday, August 11. The stock of First Hawaiian Inc (NASDAQ:FHB) has “Overweight” rating given on Monday, August 29 by Barclays Capital.
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.
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