First Hawaiian Inc (FHB) Gets a Buy Rating from Barclays

Barclays analyst Matthew Keating maintained a Buy rating on First Hawaiian Inc (FHBResearch Report) yesterday and set a price target of $31. The company’s shares opened today at $24.08.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 4.1% and a 53.0% success rate. Keating covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Union Bankshares Corporation, and Dime Community Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Hawaiian Inc with a $28.67 average price target.

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Based on First Hawaiian Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $67.39 million. In comparison, last year the company had a net profit of $11.68 million.

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First Hawaiian, Inc. is a holding company engages in banking operation. It provides a range of services to consumer and commercial customers including deposit, lending, as well as wealth management and trust services. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.

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