Analysts Set First Hawaiian, Inc. (NASDAQ:FHB) PT at $29.00

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has earned a consensus rating of "Reduce" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three research 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 analysts that have issued a report on the stock in the last year is $29.00.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their target price 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. Barclays boosted their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Piper Sandler raised their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upped their price target on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in First Hawaiian in the fourth quarter valued at $36,000. Quarry LP increased its position in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank's stock valued at $57,000 after buying an additional 2,039 shares in the last quarter. Blue Trust Inc. increased its position in First Hawaiian by 49.2% in the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock valued at $71,000 after buying an additional 904 shares in the last quarter. Global Retirement Partners LLC raised its stake in First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after buying an additional 693 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after acquiring an additional 461 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

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First Hawaiian Stock Performance

NASDAQ FHB traded up $0.10 during trading hours on Friday, hitting $24.33. 127,610 shares of the company traded hands, compared to its average volume of 688,478. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 3.28 and a beta of 0.94. The business's 50-day moving average is $26.13 and its 200-day moving average is $25.68. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 business posted $0.37 earnings per share. Analysts predict that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, February 14th. First Hawaiian's dividend payout ratio (DPR) is presently 58.10%.

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.