First Hawaiian (NASDAQ:FHB) Reaches New 12-Month High at $25.16

First Hawaiian, Inc. (NASDAQ:FHB)’s share price hit a new 52-week high on Tuesday . The company traded as high as $25.16 and last traded at $25.08, with a volume of 261463 shares. The stock had previously closed at $24.74.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on First Hawaiian from $25.50 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Wells Fargo & Company cut their target price on shares of First Hawaiian from $20.00 to $18.00 and set an “underweight” rating on the stock in a report on Tuesday, June 25th. Finally, Barclays cut their target price on shares of First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $21.50.

First Hawaiian Stock Up 3.3 %

The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.44 and a beta of 0.99. The business has a 50-day moving average price of $21.23 and a 200-day moving average price of $21.39.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $202.41 million. As a group, sell-side analysts predict that First Hawaiian, Inc. will post 1.71 EPS for the current year.

Hedge Funds Weigh In On First Hawaiian

Institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its holdings in shares of First Hawaiian by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 64,300 shares of the bank’s stock worth $1,335,000 after buying an additional 1,100 shares in the last quarter. Raymond James & Associates increased its stake in shares of First Hawaiian by 5.5% during the second quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock worth $22,420,000 after purchasing an additional 56,445 shares during the period. Reinhart Partners LLC. increased its stake in shares of First Hawaiian by 0.9% during the second quarter. Reinhart Partners LLC. now owns 2,319,992 shares of the bank’s stock worth $48,163,000 after purchasing an additional 20,770 shares during the period. Retirement Planning Group LLC bought a new position in First Hawaiian during the 2nd quarter worth $683,000. Finally, Curated Wealth Partners LLC increased its stake in First Hawaiian by 181.2% during the 2nd quarter. Curated Wealth Partners LLC now owns 14,891 shares of the bank’s stock worth $309,000 after acquiring an additional 33,231 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Company Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.