First Hawaiian, Inc. (NASDAQ:FHB) Receives $27.56 Average Target Price from Analysts

First Hawaiian, Inc. (NASDAQ:FHB) has been given an average recommendation of “Reduce” by the nine ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $27.5625.

A number of research firms have weighed in on FHB. TD Cowen upped their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Piper Sandler upped their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. JPMorgan Chase & Co. decreased their price objective on First Hawaiian from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Stephens set a $28.00 price objective on First Hawaiian in a report on Monday, April 27th. Finally, Wells Fargo & Company increased their price objective on First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, March 30th.

Institutional Trading of First Hawaiian

Several hedge funds and other institutional investors have recently made changes to their positions in FHB. Eurizon Capital SGR S.p.A. purchased a new stake in shares of First Hawaiian during the 4th quarter valued at $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,050 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after purchasing an additional 534 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of First Hawaiian in the 4th quarter valued at $46,000. Finally, Danske Bank A S acquired a new position in shares of First Hawaiian in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Down 1.4%

First Hawaiian stock opened at $26.59 on Thursday. The business has a fifty day moving average of $26.31 and a two-hundred day moving average of $25.93. The firm has a market cap of $3.23 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.99 and a beta of 0.75. First Hawaiian has a twelve month low of $22.65 and a twelve month high of $28.35.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $220.35 million during the quarter, compared to analyst estimates of $223.59 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same quarter in the prior year, the business earned $0.47 earnings per share. Equities analysts expect that First Hawaiian will post 2.33 earnings per share for the current year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, May 18th. First Hawaiian’s dividend payout ratio is currently 45.61%.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.