First Hawaiian, Inc. (NASDAQ:FHB) Given Average Recommendation of “Reduce” by Brokerages

First Hawaiian, Inc. (NASDAQ:FHB) has received an average rating of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $29.00.

Several brokerages have commented on FHB. Piper Sandler boosted their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Stephens began coverage on First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. JPMorgan Chase & Co. boosted their target price on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Barclays boosted their target price on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company boosted their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd.

Institutional Trading of First Hawaiian

Several hedge funds and other institutional investors have recently made changes to their positions in FHB. Creative Planning boosted its holdings in First Hawaiian by 6.4% in the third quarter. Creative Planning now owns 23,629 shares of the bank’s stock valued at $547,000 after acquiring an additional 1,424 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in First Hawaiian by 5.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock valued at $237,000 after acquiring an additional 488 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in First Hawaiian by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 7,020 shares of the bank’s stock valued at $163,000 after acquiring an additional 2,600 shares during the last quarter. Atria Investments Inc boosted its holdings in First Hawaiian by 9.2% in the third quarter. Atria Investments Inc now owns 35,769 shares of the bank’s stock valued at $828,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in First Hawaiian in the third quarter valued at approximately $200,000. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Stock Down 1.4 %

FHB stock opened at $25.44 on Tuesday. The company has a market cap of $3.22 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 3.28 and a beta of 0.94. The business has a 50-day simple moving average of $26.48 and a 200 day simple moving average of $25.59. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results 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 in the prior year, the firm earned $0.37 earnings per share. On average, analysts anticipate that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is currently 58.10%.

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.