First Hawaiian (NASDAQ:FHB) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded First Hawaiian to “Sell” from “Hold,” while the broader analyst consensus remains “Hold” with a $29 target price.
• First Hawaiian’s quarterly revenue of $230.23 million slightly exceeded estimates, but earnings of $0.52 per share missed the $0.59 consensus and declined from $0.59 a year earlier.
• The stock opened at $25.34, with a $3.08 billion market capitalization, while institutional investors own 97.63% of outstanding shares.

First Hawaiian (NASDAQ:FHB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities analysts have also commented on FHB. Piper Sandler dropped their price objective on First Hawaiian from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, October 1st. Weiss Ratings reissued a "buy (b)" rating on shares of First Hawaiian in a research report on Friday, October 2nd. Stephens raised First Hawaiian from an "equal weight" rating to an "overweight" rating and set a $33.00 price objective for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. upgraded shares of First Hawaiian from an "underweight" rating to a "neutral" rating and lowered their price objective for the stock from $30.00 to $29.00 in a research note on Thursday, October 1st. Finally, Wells Fargo & Company dropped their target price on shares of First Hawaiian from $28.00 to $26.00 and set an "underweight" rating on the stock in a research report on Wednesday, September 30th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, First Hawaiian currently has a consensus rating of "Hold" and a consensus target price of $29.00.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $25.34 on Friday. The stock's 50 day moving average price is $25.51 and its 200 day moving average price is $26.98. First Hawaiian has a 52 week low of $23.26 and a 52 week high of $30.58. The company has a market capitalization of $3.08 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.35 and a beta of 0.76.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Friday, October 23rd. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.07). First Hawaiian had a return on equity of 10.27% and a net margin of 24.41%. The company had revenue of $230.23 million for the quarter, compared to the consensus estimate of $229.20 million. During the same period in the previous year, the company earned $0.59 EPS. As a group, sell-side analysts forecast that First Hawaiian will post 2.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Hawaiian

Large investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its stake in shares of First Hawaiian by 0.6% during the first quarter. Illinois Municipal Retirement Fund now owns 65,002 shares of the bank's stock valued at $1,602,000 after purchasing an additional 397 shares in the last quarter. IFP Advisors Inc raised its stake in shares of First Hawaiian by 17.9% during the 2nd quarter. IFP Advisors Inc now owns 3,231 shares of the bank's stock valued at $95,000 after buying an additional 491 shares during the last quarter. Parallel Advisors LLC grew its position in shares of First Hawaiian by 11.3% during the 1st quarter. Parallel Advisors LLC now owns 5,171 shares of the bank's stock valued at $127,000 after acquiring an additional 525 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of First Hawaiian by 378.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank's stock valued at $27,000 after buying an additional 738 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of First Hawaiian by 3.0% during the first quarter. Janney Montgomery Scott LLC now owns 28,467 shares of the bank's stock worth $701,000 after purchasing an additional 824 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

Key Headlines Impacting First Hawaiian

Here are the key news stories impacting First Hawaiian this week:

• Positive Sentiment: Third-quarter revenue reached $230.23 million, topping analyst expectations of $229.20 million. The result indicates that the bank’s underlying revenue generation remained resilient. Earnings Flash: First Hawaiian Reports Third-Quarter Revenue
• Positive Sentiment: Management declared a dividend alongside the third-quarter results, supporting the stock’s income appeal. First Hawaiian’s return on equity was 10.27%, while its net margin was 24.41%. First Hawaiian Reports Third-Quarter Results and Declares Dividend
• Positive Sentiment: An analyst review characterized Hawaii’s island economy as robust, providing a relatively supportive backdrop for First Hawaiian’s lending and banking operations. First Hawaiian Bank: Island Economy Remains Robust
• Neutral Sentiment: The third-quarter earnings call and related transcripts provide additional management commentary on credit quality, loan trends, expenses and outlook, but the supplied reports do not identify a specific new catalyst from the discussion. First Hawaiian Q3 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted earnings were $0.52 per share, missing the roughly $0.59–$0.60 consensus estimate by $0.07–$0.08. EPS also declined from $0.59 in the year-earlier quarter, making the earnings shortfall the primary reason for the negative stock reaction. First Hawaiian Lags Third-Quarter Earnings Estimates

First Hawaiian Company Profile

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.

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