First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

First Hawaiian (NASDAQ:FHB) had its price target boosted by Wells Fargo & Company from $22.00 to $24.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an underweight rating on the bank’s stock.

Several other analysts also recently issued reports on FHB. The Goldman Sachs Group lifted 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. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday, December 17th. Finally, Barclays increased their price objective on First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Trading Down 0.1 %

FHB opened at $27.58 on Monday. The company has a fifty day moving average price of $26.41 and a two-hundred day moving average price of $25.03. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80. The company has a market cap of $3.53 billion, a P/E ratio of 15.41 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results 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 quarter in the prior year, the company posted $0.37 EPS. On average, research analysts forecast that First Hawaiian will post 1.74 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.77%. First Hawaiian’s dividend payout ratio is currently 58.10%.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its position in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after purchasing an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Hawaiian in the 3rd quarter worth about $51,000. Quarry LP grew its position in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after buying an additional 2,039 shares during the period. GAMMA Investing LLC increased its holdings in First Hawaiian by 49.1% during the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after buying an additional 1,041 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock worth $74,000 after acquiring an additional 693 shares during the period. 97.63% of the stock is 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.