|Over a week ago|
First Hawaiian announces up to $75M stock repurchase program » 08:0602/0802/08/21
First Hawaiian announced…
First Hawaiian announced that the Company's Board of Directors has adopted a stock repurchase program for up to $75M of its outstanding common stock during 2021.
|Over a month ago|
First Hawaiian reports Q4 core EPS 50c, consensus 44c » 07:0501/2201/22/21
Total stockholders' equity was $2.7B at both December 31, 2020 and September 30, 2020. The tier 1 leverage, common equity tier 1 and total capital ratios were 8.00%, 12.47% and 13.72%, respectively, at December 31, 2020, compared with 7.91%, 12.22% and 13.47%, respectively, at September 30, 2020. "We finished 2020 with a strong quarter and continued to support our customers and meet their evolving needs by leveraging technology, digital channels and our deep relationships," said Bob Harrison, Chairman, President and CEO. "In these uncertain times, our ability to remain agile and innovative positions us well to continue supporting our customers and the community."
|Over a quarter ago|
First Hawaiian price target raised to $18.50 from $15.50 at JPMorgan » 08:1711/1911/19/20
JPMorgan analyst Steven…
JPMorgan analyst Steven Alexopoulos raised the firm's price target on First Hawaiian to $18.50 from $15.50 and keeps an Underweight rating on the shares after hosting meetings with management.
First Hawaiian reports Q3 EPS 50c, consensus 28c » 08:0810/2310/23/20
The tier 1 leverage,…
The tier 1 leverage, common equity tier 1 and total capital ratios were 7.91%, 12.22% and 13.47%, respectively, at September 30, 2020, compared with 7.75%, 11.86% and 13.11%, respectively, at June 30, 2020. "In spite of the current economic environment, we reported solid financial results for the third quarter," said Bob Harrison, Chairman, President and CEO. "These are still challenging times, but the re-opening of the local economy, and more recently, the pre-testing program for trans-Pacific travel, are important steps toward the state's economic recovery."
First Hawaiian reports Q2 EPS 15c, consensus 22c » 08:0107/2407/24/20
The tier 1 leverage,…
The tier 1 leverage, common equity tier 1 and total capital ratios were 7.75%, 11.86% and 13.11%, respectively, at June 30, 2020, compared with 8.63%, 11.65% and 12.90%, respectively, at March 31, 2020. "I am very proud of our teams' extraordinary efforts to manage through the pandemic's disruption with agility and resilience while ensuring the health and safety of their co-workers, customers and community," said Bob Harrison, Chairman, President and CEO. "During this difficult time for our local economy, we focused our efforts on creating stability by offering relief assistance to customers and support to the community. Our teams leveraged technology investments to develop an online application portal that enabled us to secure over $940 million in PPP loans for 6,000 small business customers. We also successfully launched the Aloha for Hawaii Fund, which supported the restaurant industry, and donated $1 million to non-profits for COVID-19 relief. Another $1 million was donated to the Stronger Together Fund to support the 2020 public high school graduates as they transition to the next phase of their lives."
First Hawaiian to replace Emergent BioSolutions in S&P 600 at open on 7/24 04:5507/2407/24/20
Fly Intel: After-Hours Movers » 18:4907/2007/20/20
TBK, IBM, CDNS, FBK, NBEV, HIBB, PBIB, XENE, FHB, HSTO, CCK, ACAD, PIRS, CTSO, KNSA
Check out this evening's…
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices » 17:4107/2007/20/20
EBS, CZR, ERI, FHB
Emergent BioSolutions (EBS) will replace Caesars Entertainment (CZR) in the S&P MidCap 400, and First Hawaiian (FHB) will replace Emergent BioSolutions in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 24. S&P MidCap 400 constituent Eldorado Resorts (ERI) acquired Caesars Entertainment in a deal completed July 20. Post-merger, Eldorado Resorts will change its name to Caesars Entertainment and its ticker to CZR. It will remain in the S&P MidCap 400.
First Hawaiian to replace Emergent BioSolutions in S&P 600 at open on 7/24 17:1907/2007/20/20
Fly Intel: Top five analyst downgrades » 10:0307/0707/07/20
KMI, CZZ, D, FHB, YETI
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kinder Morgan (KMI) downgraded to Sell from Neutral at Goldman Sachs with analyst Michael Lapides citing the stock's valuation and expects shares to lag large-cap midstream peers in the second half of 2020. 2. Cosan (CZZ) downgraded to Neutral from Overweight at JPMorgan with analyst Lucas Ferreira citing valuation. 3. Dominion (D) was downgraded to Neutral from Outperform at Credit Suisse and to Underperform from Neutral at Mizuho. 4. First Hawaiian (FHB) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Jared Shaw saying the reality of the Hawaiian economy, among the hardest hit in the U.S. with a recovery expected to be the slowest, doesn't "square" with the current 30% TBV premium valuation. 5. Yeti (YETI) downgraded to Neutral from Buy at Goldman Sachs with analyst Alexandra Walvis saying the company's "strong" brand momentum and growth opportunity is now better understood by investors and reflected in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.