First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

First Hawaiian (NASDAQ:FHB) had its price objective hoisted by equities research analysts at The Goldman Sachs Group from $26.00 to $29.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “sell” rating on the bank’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 4.28% from the company’s current price.

A number of other equities research analysts also recently weighed in on FHB. Piper Sandler boosted their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company increased their price target on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday. JPMorgan Chase & Co. increased their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 17th. Finally, Barclays boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.71.

First Hawaiian Stock Up 0.7 %

NASDAQ:FHB traded up $0.19 during trading hours on Monday, reaching $27.81. 510,754 shares of the stock were exchanged, compared to its average volume of 809,971. The stock has a market capitalization of $3.56 billion, a P/E ratio of 15.50 and a beta of 0.99. The firm has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $25.03. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the previous year, the firm earned $0.37 EPS. As a group, analysts expect that First Hawaiian will post 1.74 earnings per share for the current year.

Institutional Trading of First Hawaiian

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after buying an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in First Hawaiian in the 3rd quarter valued at about $51,000. Quarry LP boosted its position in shares of First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after purchasing an additional 2,039 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of First Hawaiian by 49.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

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.