First Hawaiian, Inc. (NASDAQ:FHB) Receives Average Rating of “Reduce” from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been assigned an average recommendation of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.00.

Several equities analysts have commented on FHB shares. Keefe, Bruyette & Woods increased their price target on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Barclays lifted their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a report on Monday, February 3rd. Piper Sandler raised their price target on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd.

Institutional Investors Weigh In On First Hawaiian

Several institutional investors and hedge funds have recently made changes to their positions in FHB. CKW Financial Group boosted its holdings in shares of First Hawaiian by 1.2% in the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock worth $846,000 after acquiring an additional 400 shares in the last quarter. M&T Bank Corp boosted its stake in First Hawaiian by 2.5% in the fourth quarter. M&T Bank Corp now owns 16,661 shares of the bank’s stock worth $432,000 after purchasing an additional 409 shares in the last quarter. GAMMA Investing LLC boosted its stake in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after purchasing an additional 461 shares in the last quarter. Covestor Ltd grew its holdings in shares of First Hawaiian by 8.1% during the fourth quarter. Covestor Ltd now owns 7,226 shares of the bank’s stock worth $188,000 after purchasing an additional 539 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of First Hawaiian by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 37,260 shares of the bank’s stock valued at $967,000 after buying an additional 649 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Trading Down 1.9 %

Shares of NASDAQ:FHB opened at $24.29 on Friday. The stock has a market capitalization of $3.07 billion, a PE ratio of 13.57, a P/E/G ratio of 3.28 and a beta of 0.94. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The firm has a fifty day moving average price of $26.21 and a 200 day moving average price of $25.63.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm posted $0.37 earnings per share. On average, sell-side analysts forecast that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.28%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio is 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.