Brokerages Set First Hawaiian, Inc. (NASDAQ:FHB) Target Price at $26.86

First Hawaiian, Inc. (NASDAQ:FHB) has earned a consensus rating of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.86.

FHB has been the subject of a number of analyst reports. Stephens assumed coverage on First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target for the company. The Goldman Sachs Group increased their target price on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Wells Fargo & Company increased their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods increased their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

First Hawaiian Stock Up 1.5 %

Shares of FHB opened at $26.01 on Monday. The business has a 50-day simple moving average of $26.60 and a two-hundred day simple moving average of $24.62. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 14.86 and a beta of 0.99. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio is currently 59.43%.

Institutional Investors Weigh In On First Hawaiian

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted 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 acquiring an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Hawaiian during the 3rd quarter worth approximately $51,000. Abich Financial Wealth Management LLC increased its holdings in First Hawaiian by 32.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after purchasing an additional 644 shares during the period. Quarry LP increased its holdings in First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares during the period. Finally, GAMMA Investing LLC increased its holdings in First Hawaiian by 49.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after purchasing an additional 1,041 shares during the period. 97.63% of the stock is owned by 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.