First Hawaiian (NASDAQ:FHB) Given New $22.00 Price Target at Wells Fargo & Company

First Hawaiian (NASDAQ:FHB - Get Free Report) had its price objective dropped by research analysts at Wells Fargo & Company from $24.00 to $22.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "underweight" rating on the bank's stock. Wells Fargo & Company's price target indicates a potential upside of 1.20% from the company's previous close.

FHB has been the topic of a number of other research reports. The Goldman Sachs Group lifted 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. Barclays lowered their price objective on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Finally, Piper Sandler raised their price objective on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.29.

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First Hawaiian Stock Up 1.5 %

Shares of NASDAQ:FHB traded up $0.32 during midday trading on Wednesday, hitting $21.74. The stock had a trading volume of 1,055,430 shares, compared to its average volume of 715,497. The company's 50-day moving average price is $25.18 and its 200-day moving average price is $25.57. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The company has a market capitalization of $2.74 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping 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 previous year, the firm earned $0.37 earnings per share. Research analysts expect that First Hawaiian will post 1.95 EPS for the current fiscal year.

Institutional Trading of First Hawaiian

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in First Hawaiian in the fourth quarter worth $36,000. Blue Trust Inc. grew 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 period. Global Retirement Partners LLC increased its holdings in shares of First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after acquiring an additional 693 shares in the last quarter. Versant Capital Management Inc raised its position in shares of First Hawaiian by 65.1% during the first 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 period. Finally, GAMMA Investing LLC lifted its holdings in shares of First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after purchasing an additional 461 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

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.