First Hawaiian (NASDAQ:FHB) Price Target Raised to $30.00 at Barclays

First Hawaiian (NASDAQ:FHB) had its price objective hoisted by Barclays from $28.00 to $30.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.

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

First Hawaiian Stock Down 0.1 %

FHB opened at $27.58 on Monday. The company has a market cap of $3.53 billion, a PE ratio of 15.41 and a beta of 0.99. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The company has a 50-day moving average price of $26.41 and a 200 day moving average price of $25.03.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $0.37 earnings per share. As a group, sell-side analysts expect that First Hawaiian will post 1.74 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 3.77%. First Hawaiian’s dividend payout ratio (DPR) is 58.10%.

Hedge Funds Weigh In On First Hawaiian

Hedge funds have recently modified their holdings of the business. 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 worth $43,000 after buying an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Hawaiian in the 3rd quarter worth approximately $51,000. Quarry LP lifted its holdings in shares of First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares during the last quarter. GAMMA Investing LLC increased its holdings in First Hawaiian by 49.1% in the 3rd 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 during the last quarter. Finally, Global Retirement Partners LLC raised its position 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 during the period. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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.