First Hawaiian (NASDAQ:FHB - Get Free Report) had its target price upped by equities research analysts at Piper Sandler from $28.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. Piper Sandler's price target points to a potential upside of 6.63% from the stock's current price.
Several other analysts have also recently weighed in on the stock. Stephens began coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price objective for the company. Barclays boosted their price target on First Hawaiian from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a research note on Monday. Wells Fargo & Company lifted their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an "underweight" rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $29.00.
Check Out Our Latest Research Report on FHB
First Hawaiian Trading Up 0.3 %
Shares of NASDAQ:FHB traded up $0.10 during trading on Monday, reaching $28.14. 346,645 shares of the stock were exchanged, compared to its average volume of 833,079. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80. The stock has a 50-day moving average price of $26.41 and a 200-day moving average price of $25.10. The firm has a market cap of $3.60 billion, a PE ratio of 15.72 and a beta of 0.99.
First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data 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 business posted $0.37 EPS. On average, sell-side analysts expect that First Hawaiian will post 1.74 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in shares of First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank's stock valued at $11,072,000 after purchasing an additional 235,253 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of First Hawaiian during the third quarter worth $3,736,000. FMR LLC increased its holdings in shares of First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after buying an additional 154,136 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of First Hawaiian by 6.1% during the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank's stock worth $56,980,000 after buying an additional 141,327 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank's stock worth $245,963,000 after acquiring an additional 122,599 shares during the last quarter. Institutional investors own 97.63% of the company's stock.
About First Hawaiian
(
Get Free Report)
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.
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