First Hawaiian, Inc. (NASDAQ:FHB) Receives $27.43 Consensus Price Target from Brokerages

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $27.4286.

FHB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a report on Tuesday, October 28th. Cowen restated a “hold” rating on shares of First Hawaiian in a report on Tuesday, October 28th. Zacks Research raised shares of First Hawaiian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $28.00 in a research report on Tuesday, November 11th. Finally, Weiss Ratings raised shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 1st.

First Hawaiian Stock Down 0.3%

First Hawaiian stock opened at $25.25 on Thursday. The company’s 50-day moving average price is $24.49 and its 200-day moving average price is $24.72. The company has a market cap of $3.12 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. First Hawaiian has a twelve month low of $20.32 and a twelve month high of $28.28.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Monday, August 9th. The bank reported $0.44 EPS for the quarter. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. The firm had revenue of $129.16 million during the quarter. As a group, sell-side analysts expect that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, November 17th. First Hawaiian’s dividend payout ratio is 50.73%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FHB. Farther Finance Advisors LLC lifted its stake in shares of First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after acquiring an additional 438 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in First Hawaiian by 199.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank’s stock worth $26,000 after purchasing an additional 705 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in First Hawaiian by 2,916.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after purchasing an additional 1,050 shares during the period. Hantz Financial Services Inc. lifted its position in shares of First Hawaiian by 11,325.0% during the second quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock worth $34,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of First Hawaiian during the first quarter valued at $44,000. Institutional investors own 97.63% of the company’s stock.

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.