First Hawaiian, Inc. (NASDAQ:FHB) Receives $24.33 Average PT from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have received a consensus rating of “Reduce” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $24.33.

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their target price on First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Monday, October 28th. JPMorgan Chase & Co. reduced their price objective on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Piper Sandler upped their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Barclays lifted their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group upped their price target on First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a report on Monday, July 29th.

First Hawaiian Trading Up 0.3 %

Shares of FHB stock opened at $24.82 on Wednesday. The stock has a 50 day simple moving average of $23.64 and a 200-day simple moving average of $22.51. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 14.18 and a beta of 0.98. First Hawaiian has a 12-month low of $17.95 and a 12-month high of $26.18.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 4.19%. First Hawaiian’s dividend payout ratio is currently 59.43%.

Institutional Investors Weigh In On First Hawaiian

A number of institutional investors and hedge funds have recently bought and sold shares of FHB. Whittier Trust Co. raised its holdings in shares of First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after acquiring an additional 507 shares during the last quarter. Versant Capital Management Inc lifted its holdings in First Hawaiian by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after purchasing an additional 678 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of First Hawaiian by 51.5% during the 3rd 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 last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of First Hawaiian by 48.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after buying an additional 652 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of First Hawaiian by 50.3% in the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after buying an additional 710 shares during the last quarter. Hedge funds and other institutional investors 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.