First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, Piper Sandler Analyst Says

First Hawaiian (NASDAQ:FHB) had its target price boosted by Piper Sandler from $28.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target would suggest a potential upside of 8.30% from the stock’s previous close.

FHB has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday. Barclays increased their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. Finally, Stephens initiated coverage on First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.00.

First Hawaiian Trading Up 0.4 %

Shares of NASDAQ:FHB opened at $27.70 on Monday. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The company has a market cap of $3.54 billion, a PE ratio of 15.47 and a beta of 0.99. The company’s 50 day moving average is $26.40 and its 200 day moving average is $25.06.

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

Institutional Investors Weigh In On First Hawaiian

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after buying an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in First Hawaiian during the 3rd quarter worth about $51,000. Quarry LP boosted its holdings in 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 acquiring an additional 2,039 shares during the period. Global Retirement Partners LLC grew its position in First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after acquiring an additional 693 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in First Hawaiian by 49.1% during the third 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 currently owned by institutional investors and hedge funds.

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.