First Hawaiian, Inc. (NASDAQ:FHB) Receives $29.00 Consensus Target Price from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have earned an average recommendation of “Reduce” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $29.00.

Several research firms recently commented on FHB. Barclays raised their target price on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Piper Sandler increased their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $24.44 on Friday. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The firm’s fifty day moving average is $26.17 and its 200-day moving average is $25.68. The firm has a market cap of $3.08 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.28 and a beta of 0.94.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating 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 quarter in the previous year, the company earned $0.37 EPS. As a group, sell-side analysts anticipate that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 4.26%. First Hawaiian’s payout ratio is 58.10%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of First Hawaiian by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 699,224 shares of the bank’s stock valued at $18,145,000 after purchasing an additional 12,523 shares in the last quarter. Retirement Planning Group LLC boosted its stake in shares of First Hawaiian by 2.8% in the 4th quarter. Retirement Planning Group LLC now owns 34,634 shares of the bank’s stock worth $899,000 after buying an additional 938 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of First Hawaiian by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 393,393 shares of the bank’s stock valued at $10,209,000 after acquiring an additional 62,306 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of First Hawaiian by 41.9% during the fourth quarter. Squarepoint Ops LLC now owns 42,849 shares of the bank’s stock valued at $1,112,000 after acquiring an additional 12,646 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in First Hawaiian by 43.1% during the fourth quarter. Quantinno Capital Management LP now owns 97,942 shares of the bank’s stock worth $2,542,000 after acquiring an additional 29,519 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

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.