First Hawaiian (NASDAQ:FHB) Price Target Cut to $27.00 by Analysts at Barclays

First Hawaiian (NASDAQ:FHB - Get Free Report) had its target price cut by investment analysts at Barclays from $30.00 to $27.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the bank's stock. Barclays's price objective would suggest a potential upside of 26.05% from the company's previous close.

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. The Goldman Sachs Group upped their target price on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price 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, Piper Sandler lifted their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $28.29.

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First Hawaiian Trading Up 1.3 %

Shares of NASDAQ:FHB traded up $0.28 on Tuesday, reaching $21.42. 993,368 shares of the company's stock were exchanged, compared to its average volume of 712,842. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The company has a fifty day moving average of $25.18 and a 200-day moving average of $25.55. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 3.28 and a beta of 0.77.

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

Institutional Trading of First Hawaiian

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of First Hawaiian by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,664,425 shares of the bank's stock worth $146,992,000 after purchasing an additional 186,993 shares during the period. Alliancebernstein L.P. grew its position in First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock worth $136,087,000 after buying an additional 864,420 shares in the last quarter. Reinhart Partners LLC. increased its stake in First Hawaiian by 15.1% in the 1st quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank's stock worth $56,845,000 after acquiring an additional 305,439 shares during the last quarter. Northern Trust Corp raised its holdings in shares of First Hawaiian by 10.7% in the 4th quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock valued at $56,779,000 after acquiring an additional 211,399 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of First Hawaiian by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock valued at $43,361,000 after acquiring an additional 9,775 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Company Profile

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.