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

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the seven ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $29.00.

A number of analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased 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 report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Finally, Barclays increased 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 report on Monday, February 3rd.

Hedge Funds Weigh In On First Hawaiian

A number of institutional investors and hedge funds have recently modified their holdings of FHB. Raymond James Financial Inc. purchased a new stake in First Hawaiian in the fourth quarter valued at $32,086,000. Harbor Capital Advisors Inc. lifted its position in First Hawaiian by 96.8% in the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank's stock valued at $11,072,000 after acquiring an additional 235,253 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in First Hawaiian in the third quarter valued at $3,736,000. FMR LLC lifted its position in First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank's stock valued at $21,145,000 after acquiring an additional 154,136 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its position in First Hawaiian by 6.1% in the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank's stock valued at $56,980,000 after acquiring an additional 141,327 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Trading Down 0.8 %

FHB stock traded down $0.21 during mid-day trading on Friday, reaching $27.28. The company's stock had a trading volume of 317,234 shares, compared to its average volume of 824,244. The stock has a market cap of $3.49 billion, a PE ratio of 15.25, a P/E/G ratio of 3.39 and a beta of 0.99. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The company's 50 day moving average is $26.42 and its two-hundred day moving average is $25.15.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts forecast that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.81%. First Hawaiian's payout ratio is currently 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.