First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

First Hawaiian (NASDAQ:FHB) had its price target boosted by equities researchers at The Goldman Sachs Group from $26.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “sell” rating on the bank’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 4.69% from the stock’s current price.

A number of other equities research analysts also recently weighed in on FHB. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday. Stephens initiated coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Barclays upped their price objective on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.00.

First Hawaiian Trading Up 0.4 %

FHB opened at $27.70 on Monday. The stock has a market capitalization of $3.54 billion, a P/E ratio of 15.47 and a beta of 0.99. The firm’s fifty day simple moving average is $26.40 and its 200 day simple moving average is $25.06. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating 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 earned $0.37 earnings per share. On average, equities research analysts predict that First Hawaiian will post 1.74 EPS for the current fiscal year.

Institutional Investors Weigh In On First Hawaiian

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of First Hawaiian by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after buying an additional 122,599 shares during the period. Reinhart Partners LLC. lifted its holdings in First Hawaiian by 6.1% in the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after buying an additional 141,327 shares during the period. Charles Schwab Investment Management Inc. grew its stake in First Hawaiian by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,154 shares of the bank’s stock worth $38,456,000 after purchasing an additional 11,543 shares during the period. Raymond James & Associates grew its position in shares of First Hawaiian by 6.7% in the 3rd quarter. Raymond James & Associates now owns 1,152,785 shares of the bank’s stock worth $26,687,000 after buying an additional 72,816 shares during the period. Finally, FMR LLC increased its stake in shares of First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares in 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.