First Hawaiian (NASDAQ:FHB) Price Target Raised to $27.00

First Hawaiian (NASDAQ:FHB - Get Free Report) had its price target upped by JPMorgan Chase & Co. from $25.00 to $27.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the bank's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 1.05% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company boosted their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday, December 3rd. Barclays raised their price objective on First Hawaiian from $25.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods increased their price objective on First Hawaiian from $25.00 to $28.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Stephens initiated coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on First Hawaiian from $22.00 to $26.00 and gave the stock a "sell" rating in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.71.

First Hawaiian Stock Performance

Shares of FHB traded down $0.55 during mid-day trading on Tuesday, reaching $26.72. The company had a trading volume of 821,485 shares, compared to its average volume of 654,159. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The firm has a 50-day moving average price of $26.04 and a 200 day moving average price of $23.79. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98.

Hedge Funds Weigh In On First Hawaiian

A number of institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. raised its stake in First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank's stock valued at $26,000 after acquiring an additional 507 shares in the last quarter. Blue Trust Inc. raised its stake in First Hawaiian by 51.5% during the 3rd 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 period. Whittier Trust Co. of Nevada Inc. purchased a new position in First Hawaiian during the 3rd quarter valued at about $51,000. Abich Financial Wealth Management LLC lifted its position in First Hawaiian by 32.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank's stock worth $55,000 after buying an additional 644 shares in the last quarter. Finally, Quarry LP grew its stake in First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank's stock valued at $57,000 after purchasing an additional 2,039 shares in the last quarter. Institutional investors and hedge funds 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.