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

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has received an average recommendation of "Reduce" from the seven analysts that are presently covering the stock, MarketBeat 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 twelve-month price target among brokerages that have covered the stock in the last year is $28.29.

Several research analysts have commented on FHB shares. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted 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 cut their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. 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, Barclays dropped their price target on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FHB. Jones Financial Companies Lllp acquired a new stake in shares of First Hawaiian during the 4th quarter valued at about $36,000. Blue Trust Inc. lifted its stake in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock valued at $71,000 after acquiring an additional 904 shares during the last quarter. Global Retirement Partners LLC grew its position in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after acquiring an additional 693 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of First Hawaiian by 65.1% during the 1st quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock worth $76,000 after purchasing an additional 1,233 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after purchasing an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Stock Performance

Shares of NASDAQ:FHB opened at $23.29 on Wednesday. The company has a market capitalization of $2.94 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. The stock has a fifty day moving average of $24.46 and a 200-day moving average of $25.54. First Hawaiian has a one year low of $19.48 and a one year high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.37 earnings per share. As a group, research analysts forecast that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 4.47%. First Hawaiian's dividend payout ratio is 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.

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