Keefe, Bruyette & Woods Boosts First Hawaiian (NASDAQ:FHB) Price Target to $31.00

First Hawaiian (NASDAQ:FHB) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $28.00 to $31.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.24% from the company’s previous close.

FHB has been the topic of several other research reports. The Goldman Sachs Group raised their price target on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Stephens initiated coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target on the stock. Wells Fargo & Company increased their target price on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday, December 17th. Finally, Barclays increased their target price on First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, First Hawaiian presently has an average rating of “Hold” and a consensus price target of $27.29.

First Hawaiian Stock Performance

Shares of FHB stock opened at $27.62 on Monday. The stock’s fifty day moving average is $26.41 and its 200-day moving average is $25.03. The stock has a market capitalization of $3.53 billion, a PE ratio of 15.43 and a beta of 0.99. 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 earnings results on Friday, January 31st. The bank reported $0.41 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 forecast that First Hawaiian will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Hawaiian

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in First Hawaiian in the third quarter valued at approximately $51,000. Quarry LP grew its stake in First Hawaiian by 459.2% in the third 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. Global Retirement Partners LLC grew its stake in First Hawaiian by 32.4% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in First Hawaiian by 49.1% in the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock valued at $73,000 after purchasing an additional 1,041 shares in the last quarter. 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.