Barclays Issues Positive Forecast for First Hawaiian (NASDAQ:FHB) Stock Price

First Hawaiian (NASDAQ:FHB - Free Report) had its target price lifted by Barclays from $27.00 to $28.00 in a research report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the bank's stock.

A number of other equities analysts have also commented on FHB. Keefe, Bruyette & Woods increased their price target on First Hawaiian from $25.00 to $28.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Stephens assumed coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the company an "underweight" rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of First Hawaiian from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group upped their price objective on First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, First Hawaiian currently has a consensus rating of "Hold" and a consensus target price of $26.86.

First Hawaiian Stock Performance

Shares of First Hawaiian stock traded up $0.01 during trading hours on Thursday, hitting $25.20. The company's stock had a trading volume of 991,303 shares, compared to its average volume of 657,522. The company has a market cap of $3.22 billion, a PE ratio of 14.40 and a beta of 0.98. The business has a 50 day moving average price of $26.17 and a two-hundred day moving average price of $23.84. First Hawaiian has a 12-month low of $19.48 and a 12-month high of $28.80.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 4.13%. First Hawaiian's dividend payout ratio (DPR) is 59.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in First Hawaiian by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank's stock worth $218,025,000 after buying an additional 942,634 shares during the period. AQR Capital Management LLC boosted its holdings in shares of First Hawaiian by 958.2% in the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank's stock valued at $9,043,000 after buying an additional 397,897 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of First Hawaiian by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank's stock worth $108,057,000 after buying an additional 370,722 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of First Hawaiian by 96.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank's stock worth $11,072,000 after acquiring an additional 235,253 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in First Hawaiian by 6.5% during the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank's stock valued at $69,321,000 after acquiring an additional 203,407 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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.