First Hawaiian, Inc. (NASDAQ:FHB) Receives $26.71 Average PT from Brokerages

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have received an average recommendation of "Reduce" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $26.86.

Several equities analysts recently issued reports on FHB shares. The Goldman Sachs Group boosted their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research note on Tuesday, November 26th. Barclays lifted their price target on First Hawaiian from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on First Hawaiian from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Finally, Stephens initiated coverage on First Hawaiian in a research note on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 target price for the company.

First Hawaiian Stock Performance

First Hawaiian stock traded up $0.01 during midday trading on Thursday, hitting $25.20. 991,303 shares of the company were exchanged, compared to its average volume of 657,522. The business has a fifty day simple moving average of $26.17 and a two-hundred day simple moving average of $23.84. The firm has a market capitalization of $3.22 billion, a PE ratio of 14.40 and a beta of 0.98. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.13%. The ex-dividend date was Monday, November 18th. First Hawaiian's dividend payout ratio is currently 59.43%.

Institutional Investors Weigh In On First Hawaiian

A number of hedge funds have recently modified their holdings of FHB. The Manufacturers Life Insurance Company increased its stake in shares of First Hawaiian by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank's stock worth $245,963,000 after acquiring an additional 122,599 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in First Hawaiian by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank's stock worth $108,057,000 after purchasing an additional 370,722 shares during the period. American Century Companies Inc. raised its stake in First Hawaiian by 6.5% during the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank's stock worth $69,321,000 after purchasing an additional 203,407 shares during the period. Reinhart Partners LLC. boosted its holdings in First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank's stock valued at $56,980,000 after purchasing an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of First Hawaiian by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank's stock valued at $43,207,000 after buying an additional 139,291 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.