First Hawaiian (NASDAQ:FHB) Price Target Raised to $30.00

First Hawaiian (NASDAQ:FHB - Get Free Report) had its price target boosted by investment analysts at Barclays from $28.00 to $30.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the bank's stock. Barclays's price target would indicate a potential upside of 6.46% from the stock's previous close.

Several other brokerages also recently commented on FHB. Piper Sandler raised their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday. Stephens initiated coverage on First Hawaiian in a research note on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 price objective on the stock. Wells Fargo & Company boosted their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price target on First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $29.00.

First Hawaiian Stock Performance

Shares of First Hawaiian stock traded up $0.14 during midday trading on Monday, hitting $28.18. 629,143 shares of the company traded hands, compared to its average volume of 836,738. The firm's fifty day moving average price is $26.41 and its 200-day moving average price is $25.10. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 15.74 and a beta of 0.99. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The bank reported $0.41 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 period last year, the firm posted $0.37 EPS. Equities research analysts forecast that First Hawaiian will post 1.74 earnings per share for the current year.

Institutional Trading of First Hawaiian

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC increased its position in shares of First Hawaiian by 122.9% in the second quarter. Squarepoint Ops LLC now owns 25,432 shares of the bank's stock worth $528,000 after purchasing an additional 14,021 shares during the last quarter. Algert Global LLC purchased a new position in First Hawaiian in the 2nd quarter worth approximately $267,000. Creative Planning increased its holdings in shares of First Hawaiian by 10.8% in the 2nd quarter. Creative Planning now owns 22,205 shares of the bank's stock worth $461,000 after buying an additional 2,156 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of First Hawaiian during the 2nd quarter valued at $462,000. Finally, GAMMA Investing LLC lifted its holdings 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 acquiring an additional 1,041 shares during the last quarter. Hedge funds and other 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.