First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

First Hawaiian (NASDAQ:FHB) had its price objective raised by investment analysts at Keefe, Bruyette & Woods from $28.00 to $31.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 11.91% from the stock’s current price.

FHB has been the subject of a number of other research reports. The Goldman Sachs Group increased their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Barclays upped their price objective on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their price target on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. Stephens assumed coverage on First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, First Hawaiian currently has an average rating of “Hold” and an average target price of $29.00.

First Hawaiian Stock Up 0.4 %

NASDAQ:FHB opened at $27.70 on Monday. The company has a market cap of $3.54 billion, a P/E ratio of 15.47 and a beta of 0.99. The firm’s 50 day moving average is $26.40 and its two-hundred day moving average is $25.06. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period in the prior year, the business posted $0.37 EPS. Research analysts forecast that First Hawaiian will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On First Hawaiian

Hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC lifted its holdings in First Hawaiian by 122.9% in the second quarter. Squarepoint Ops LLC now owns 25,432 shares of the bank’s stock worth $528,000 after purchasing an additional 14,021 shares during the period. Algert Global LLC bought a new stake in First Hawaiian in the second quarter worth about $267,000. Creative Planning lifted its holdings in First Hawaiian by 10.8% in the 2nd quarter. Creative Planning now owns 22,205 shares of the bank’s stock valued at $461,000 after acquiring an additional 2,156 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of First Hawaiian during the 2nd quarter valued at about $462,000. Finally, GAMMA Investing LLC raised its holdings in shares of First Hawaiian by 49.1% in 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 in the last quarter. Institutional investors and hedge funds 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.