First Hawaiian (NASDAQ:FHB) Price Target Raised to $29.00 at The Goldman Sachs Group

First Hawaiian (NASDAQ:FHB - Get Free Report) had its target price boosted by investment analysts at The Goldman Sachs Group from $26.00 to $29.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "sell" rating on the bank's stock. The Goldman Sachs Group's target price would suggest a potential upside of 2.91% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. Stephens initiated 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 objective on the stock. Piper Sandler boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a report on Monday. JPMorgan Chase & Co. upped 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. Finally, Keefe, Bruyette & Woods raised their target price on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.00.

First Hawaiian Stock Up 0.5 %

Shares of First Hawaiian stock traded up $0.14 during trading on Monday, reaching $28.18. 629,143 shares of the stock were exchanged, compared to its average volume of 836,738. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 15.74 and a beta of 0.99. The stock's fifty day moving average is $26.41 and its 200 day moving average is $25.10.

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

Institutional Trading of First Hawaiian

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CKW Financial Group grew its stake in shares of First Hawaiian by 1.2% in the fourth quarter. CKW Financial Group now owns 32,600 shares of the bank's stock worth $846,000 after acquiring an additional 400 shares during the period. M&T Bank Corp grew its position in First Hawaiian by 2.5% in the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock worth $432,000 after purchasing an additional 409 shares during the period. GAMMA Investing LLC grew its position in First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after purchasing an additional 461 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in First Hawaiian by 5.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank's stock valued at $237,000 after buying an additional 488 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of First Hawaiian by 5.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank's stock valued at $262,000 after buying an additional 569 shares during the period. 97.63% of the stock is currently owned by institutional investors.

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.