Analysts Set First Hawaiian, Inc. (NASDAQ:FHB) PT at $26.71

First Hawaiian, Inc. (NASDAQ:FHB) has been assigned a consensus rating of “Reduce” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $26.86.

FHB has been the topic of a number of recent research reports. Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Keefe, Bruyette & Woods upped their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday, December 17th. Barclays increased their target price on First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th.

First Hawaiian Price Performance

Shares of FHB opened at $25.48 on Thursday. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The firm has a market cap of $3.26 billion, a PE ratio of 14.56 and a beta of 0.98. The stock’s fifty day moving average price is $26.25 and its two-hundred day moving average price is $23.92.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

Hedge Funds Weigh In On First Hawaiian

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. increased its position in 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 buying an additional 507 shares in the last quarter. Blue Trust Inc. lifted its holdings in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Hawaiian in the third quarter worth $51,000. Abich Financial Wealth Management LLC raised its position in shares of First Hawaiian by 32.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock valued at $55,000 after purchasing an additional 644 shares during the period. Finally, Quarry LP lifted its stake in shares of First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after buying an additional 2,039 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

About First Hawaiian

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.