First Hawaiian, Inc. (NASDAQ:FHB) Receives $24.33 Average PT from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.17.

FHB has been the subject of several recent research reports. Barclays upped their target price on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Wells Fargo & Company lowered their price target on shares of First Hawaiian from $22.00 to $20.00 and set an “underweight” rating for the company in a research report on Tuesday, October 1st. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday.

Institutional Trading of First Hawaiian

A number of institutional investors have recently bought and sold shares of FHB. Whittier Trust Co. boosted its holdings in shares of First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after buying an additional 507 shares during the period. TFO Wealth Partners LLC grew its position in shares of First Hawaiian by 35,620.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,781 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of First Hawaiian by 55.7% in the second quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after purchasing an additional 678 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of First Hawaiian during the 1st quarter worth about $42,000. Finally, Abich Financial Wealth Management LLC boosted its stake in First Hawaiian by 48.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after purchasing an additional 652 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

Shares of FHB opened at $23.54 on Friday. The stock has a market capitalization of $3.01 billion, a PE ratio of 13.61 and a beta of 0.98. The business’s fifty day moving average price is $23.32 and its 200 day moving average price is $22.19. First Hawaiian has a 12-month low of $17.18 and a 12-month high of $26.18.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, July 26th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. First Hawaiian had a net margin of 18.83% and a return on equity of 8.96%. The company had revenue of $204.62 million for the quarter, compared to the consensus estimate of $202.94 million. As a group, research analysts anticipate that First Hawaiian will post 1.78 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Monday, August 19th. First Hawaiian’s payout ratio is presently 60.12%.

About First Hawaiian

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.