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

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have earned a consensus rating of "Reduce" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $29.00.

A number of research analysts have recently weighed in on the company. Stephens began coverage on First Hawaiian in a research report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price target for the company. Barclays upped their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their target price on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd.

First Hawaiian Trading Up 0.3 %

Shares of NASDAQ:FHB traded up $0.08 on Tuesday, reaching $25.79. 702,054 shares of the company were exchanged, compared to its average volume of 747,376. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80. The company has a 50-day moving average of $26.49 and a 200-day moving average of $25.52. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99.

Remove Ads

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping 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 previous year, the company posted $0.37 EPS. As a group, analysts forecast that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Friday, February 14th. First Hawaiian's dividend payout ratio is currently 58.10%.

Institutional Investors Weigh In On First Hawaiian

A number of institutional investors have recently bought and sold shares of FHB. Retirement Planning Group LLC grew its stake in shares of First Hawaiian by 2.8% during the 4th quarter. Retirement Planning Group LLC now owns 34,634 shares of the bank's stock valued at $899,000 after buying an additional 938 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in First Hawaiian by 18.8% during 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 during the period. Squarepoint Ops LLC increased its stake in First Hawaiian by 41.9% during the fourth quarter. Squarepoint Ops LLC now owns 42,849 shares of the bank's stock worth $1,112,000 after acquiring an additional 12,646 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of First Hawaiian by 43.1% in the 4th quarter. Quantinno Capital Management LP now owns 97,942 shares of the bank's stock worth $2,542,000 after purchasing an additional 29,519 shares during the period. Finally, Ethic Inc. lifted its stake in shares of First Hawaiian by 70.8% in the 4th quarter. Ethic Inc. now owns 30,381 shares of the bank's stock valued at $788,000 after purchasing an additional 12,594 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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.