First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

First Hawaiian (NASDAQ:FHB - Get Free Report) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $27.00 to $29.00 in a report issued on Monday,Benzinga reports. The firm presently has an "underweight" rating on the bank's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 2.91% from the company's previous close.

Several other research analysts have also recently commented on FHB. Barclays increased their price target on First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday. Stephens started coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 price target for the company. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a report on Monday. Finally, The Goldman Sachs Group upped their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $29.00.

First Hawaiian Stock Up 0.5 %

Shares of NASDAQ FHB traded up $0.14 on Monday, hitting $28.18. The company had a trading volume of 629,143 shares, compared to its average volume of 846,635. The firm has a market capitalization of $3.60 billion, a P/E 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. The business has a 50 day moving average of $26.41 and a two-hundred day moving average of $25.10.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $0.37 EPS. On average, sell-side analysts anticipate that First Hawaiian will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On First Hawaiian

A number of hedge funds have recently modified their holdings of FHB. Squarepoint Ops LLC grew its position in First Hawaiian by 122.9% in the 2nd 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 bought a new stake in First Hawaiian in the second quarter valued at $267,000. Creative Planning lifted its holdings in shares of First Hawaiian by 10.8% during the second quarter. Creative Planning now owns 22,205 shares of the bank's stock valued at $461,000 after acquiring an additional 2,156 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Hawaiian in the 2nd quarter valued at $462,000. Finally, GAMMA Investing LLC increased its position 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 owned by institutional investors and hedge funds.

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.