First Hawaiian, Inc. (NASDAQ:FHB) Receives Consensus Rating of “Reduce” from Analysts

First Hawaiian, Inc. (NASDAQ:FHB) has received a consensus rating of “Reduce” from the ten analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $29.25.

A number of equities analysts recently commented on FHB shares. Wells Fargo & Company lifted their price target on First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Weiss Ratings restated a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. Stephens set a $28.00 target price on First Hawaiian in a report on Monday, April 27th. Wall Street Zen lowered First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, TD Cowen lifted their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th.

First Hawaiian Price Performance

FHB opened at $29.72 on Friday. First Hawaiian has a 12-month low of $22.65 and a 12-month high of $30.58. The stock has a market capitalization of $3.62 billion, a PE ratio of 13.04, a P/E/G ratio of 1.57 and a beta of 0.72. The firm’s fifty day moving average price is $28.11 and its 200 day moving average price is $26.72.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 net margin of 24.44% and a return on equity of 10.39%. During the same period last year, the business earned $0.47 EPS. On average, equities research analysts forecast that First Hawaiian will post 2.38 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, May 18th. This represents a $1.04 annualized dividend and a yield of 3.5%. First Hawaiian’s dividend payout ratio (DPR) is 45.61%.

Hedge Funds Weigh In On First Hawaiian

A number of hedge funds have recently added to or reduced their stakes in FHB. Eurizon Capital SGR S.p.A. bought a new stake in First Hawaiian during the fourth quarter valued at $26,000. Elevation Wealth Partners LLC lifted its position in shares of First Hawaiian by 378.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock worth $27,000 after buying an additional 738 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Hawaiian by 2,916.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after buying an additional 1,050 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of First Hawaiian in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

About First Hawaiian

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.