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

First Hawaiian, Inc. (NASDAQ:FHB) has earned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $29.00.

FHB has been the subject of a number of research reports. Piper Sandler upped their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Stephens initiated coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $25.71 on Tuesday. The firm has a fifty day moving average price of $26.49 and a 200-day moving average price of $25.52. The stock has a market cap of $3.29 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) 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 in the previous year, the firm earned $0.37 earnings per share. On average, research analysts expect that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given 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 4.05%. First Hawaiian’s dividend payout ratio (DPR) is currently 58.10%.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors have recently bought and sold shares of FHB. Creative Planning lifted its position in First Hawaiian by 6.4% during the third quarter. Creative Planning now owns 23,629 shares of the bank’s stock valued at $547,000 after purchasing an additional 1,424 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Hawaiian by 5.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock worth $237,000 after acquiring an additional 488 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of First Hawaiian by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,020 shares of the bank’s stock worth $163,000 after acquiring an additional 2,600 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of First Hawaiian by 9.2% in the 3rd quarter. Atria Investments Inc now owns 35,769 shares of the bank’s stock worth $828,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of First Hawaiian in the 3rd quarter worth about $200,000. 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.