First Hawaiian (NASDAQ:FHB) Price Target Raised to $31.00 at Keefe, Bruyette & Woods

First Hawaiian (NASDAQ:FHB - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $28.00 to $31.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a market perform rating on the bank's stock.

FHB has been the subject of several other research reports. Barclays upped their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Thursday, December 19th. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the company an "underweight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the company a "sell" rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company upped their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, First Hawaiian has a consensus rating of "Hold" and a consensus target price of $29.00.

First Hawaiian Price Performance

Shares of First Hawaiian stock traded up $0.14 during trading hours on Monday, hitting $28.18. The company had a trading volume of 629,143 shares, compared to its average volume of 846,635. The company's 50-day moving average is $26.41 and its two-hundred day moving average is $25.10. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The company has a market cap of $3.60 billion, a P/E ratio of 15.74 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.37 earnings per share. Sell-side analysts expect that First Hawaiian will post 1.74 EPS for the current year.

First Hawaiian Announces Dividend

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

Hedge Funds Weigh In On First Hawaiian

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of First Hawaiian during the 4th quarter worth $32,086,000. M&T Bank Corp boosted its holdings in First Hawaiian by 2.5% during the fourth quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock worth $432,000 after buying an additional 409 shares in the last quarter. Atria Investments Inc grew its position in First Hawaiian by 12.2% during the fourth quarter. Atria Investments Inc now owns 40,141 shares of the bank's stock worth $1,042,000 after buying an additional 4,372 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in First Hawaiian by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock valued at $43,361,000 after buying an additional 9,775 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of First Hawaiian by 88.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank's stock valued at $351,000 after acquiring an additional 6,366 shares during the period. 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.