First Hawaiian (NASDAQ:FHB) Price Target Raised to $24.00

First Hawaiian (NASDAQ:FHB - Free Report) had its price objective lifted by Wells Fargo & Company from $22.00 to $24.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an underweight rating on the bank's stock.

A number of other brokerages have also recently issued reports on FHB. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Monday. Stephens began coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a "sell" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on shares of First Hawaiian from $25.00 to $27.00 and gave the company an "underweight" rating in a research note on Tuesday, December 17th. Finally, Barclays raised their price target on First Hawaiian from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $29.00.

First Hawaiian Trading Up 0.5 %

FHB traded up $0.14 on Monday, hitting $28.18. 629,143 shares of the stock traded hands, compared to its average volume of 846,635. The business has a fifty day moving average price of $26.41 and a two-hundred day moving average price of $25.10. The firm has a market capitalization of $3.60 billion, a PE ratio of 15.74 and a beta of 0.99. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 EPS. On average, equities research analysts forecast that First Hawaiian will post 1.74 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, February 14th. First Hawaiian's dividend payout ratio is 58.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FHB. Jones Financial Companies Lllp bought a new stake in First Hawaiian during the 4th quarter worth about $36,000. Blue Trust Inc. boosted its position in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock valued at $43,000 after purchasing an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in First Hawaiian in the third quarter valued at approximately $51,000. Quarry LP increased its position in shares of First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank's stock worth $57,000 after purchasing an additional 2,039 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of First Hawaiian by 49.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,163 shares of the bank's stock worth $73,000 after purchasing an additional 1,041 shares in the last quarter. 97.63% of the stock is currently owned by 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.