First Hawaiian, Inc. (NASDAQ:FHB) Receives Average Recommendation of "Reduce" from Brokerages

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has been given an average rating of "Reduce" by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.86.

FHB has been the topic of several recent research reports. Stephens started coverage on First Hawaiian in a report on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 price target on the stock. Barclays increased their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Thursday, December 19th. The Goldman Sachs Group boosted their target price on First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an "underweight" rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on First Hawaiian from $25.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.

Institutional Investors Weigh In On First Hawaiian

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after acquiring an additional 461 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of First Hawaiian by 20.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,476 shares of the bank's stock valued at $590,000 after purchasing an additional 4,383 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in shares of First Hawaiian by 2.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 38,545 shares of the bank's stock worth $892,000 after purchasing an additional 999 shares in the last quarter. M&T Bank Corp grew its stake in First Hawaiian by 9.9% during the 3rd quarter. M&T Bank Corp now owns 16,252 shares of the bank's stock worth $376,000 after buying an additional 1,461 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in First Hawaiian during the 3rd quarter valued at about $632,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $24.76 on Monday. The stock has a market capitalization of $3.17 billion, a P/E ratio of 14.15 and a beta of 0.99. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80. The business's 50 day moving average is $26.64 and its two-hundred day moving average is $24.54.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.20%. First Hawaiian's dividend payout ratio is presently 59.43%.

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.