First Hawaiian, Inc. (NASDAQ:FHB) Receives $24.33 Consensus Price Target from Brokerages

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been assigned an average recommendation of "Reduce" from the six analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.33.

A number of equities research analysts have recently weighed in on FHB shares. Wells Fargo & Company lifted their price target on First Hawaiian from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Piper Sandler boosted their price target on First Hawaiian from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods increased their price target on First Hawaiian from $25.00 to $26.00 and gave the stock a "market perform" rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the company a "sell" rating in a research note on Monday, July 29th. Finally, Barclays increased their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Monday, July 29th.

First Hawaiian Trading Up 2.2 %

NASDAQ FHB traded up $0.61 during trading hours on Friday, reaching $27.90. The company's stock had a trading volume of 1,382,051 shares, compared to its average volume of 601,378. The business has a 50-day simple moving average of $24.66 and a 200 day simple moving average of $23.10. First Hawaiian has a 52 week low of $18.77 and a 52 week high of $28.38. The stock has a market cap of $3.57 billion, a PE ratio of 15.94 and a beta of 0.96.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Monday, November 18th. First Hawaiian's dividend payout ratio is 59.43%.

Hedge Funds Weigh In On First Hawaiian

Several large investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in First Hawaiian by 5.5% during the second quarter. Raymond James & Associates now owns 1,079,969 shares of the bank's stock worth $22,420,000 after purchasing an additional 56,445 shares during the period. The Manufacturers Life Insurance Company boosted its stake in First Hawaiian by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank's stock valued at $218,025,000 after buying an additional 942,634 shares in the last quarter. American Century Companies Inc. grew its position in First Hawaiian by 6.5% in the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank's stock valued at $69,321,000 after acquiring an additional 203,407 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in First Hawaiian by 100.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank's stock worth $80,000 after acquiring an additional 1,943 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of First Hawaiian during the second quarter valued at $462,000. Institutional investors and hedge funds own 97.63% of the company's stock.

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.