First Hawaiian (NASDAQ:FHB) Given New $30.00 Price Target at Piper Sandler

First Hawaiian (NASDAQ:FHB) had its target price hoisted by Piper Sandler from $28.00 to $30.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other equities analysts also recently weighed in on FHB. Wells Fargo & Company increased their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Trading Down 0.1 %

Shares of NASDAQ FHB opened at $27.58 on Monday. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 15.41 and a beta of 0.99. The company’s 50-day moving average price is $26.41 and its 200 day moving average price is $25.03.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company earned $0.37 EPS. As a group, research analysts expect that First Hawaiian will post 1.74 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.77%. First Hawaiian’s payout ratio is currently 58.10%.

Institutional Investors Weigh In On First Hawaiian

A number of large investors have recently added to or reduced their stakes in FHB. Paradigm Asset Management Co. LLC acquired a new position in First Hawaiian in the 4th quarter worth $200,000. Global Retirement Partners LLC grew its stake in First Hawaiian by 32.4% during the 4th 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. Principal Financial Group Inc. increased its holdings in First Hawaiian by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank’s stock worth $16,082,000 after purchasing an additional 17,515 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of First Hawaiian in the 4th quarter valued at approximately $386,000. Finally, CKW Financial Group boosted its stake in shares of First Hawaiian by 1.2% during the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock valued at $846,000 after buying an additional 400 shares during the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

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.