Brokerages Set First Hawaiian, Inc. (NASDAQ:FHB) Target Price at $27.50

First Hawaiian, Inc. (NASDAQ:FHB) has received a consensus recommendation of “Reduce” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $27.50.

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price objective on First Hawaiian from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd. Zacks Research lowered First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. Finally, TD Cowen reiterated a “hold” rating on shares of First Hawaiian in a report on Monday, February 2nd.

Insider Buying and Selling

In other news, Director Craig Scott Wo sold 1,500 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alan Arizumi sold 36,460 shares of First Hawaiian stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $25.35, for a total value of $924,261.00. Following the completion of the transaction, the insider owned 37,508 shares in the company, valued at $950,827.80. This represents a 49.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 45,026 shares of company stock worth $1,144,928. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FHB. Farther Finance Advisors LLC grew its stake in shares of First Hawaiian by 74.9% during the third 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. Eurizon Capital SGR S.p.A. acquired a new stake in shares of First Hawaiian during the 4th quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in First Hawaiian by 2,916.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after buying an additional 1,050 shares during the period. Hantz Financial Services Inc. grew its position in shares of First Hawaiian by 11,325.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,359 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of First Hawaiian by 45.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Trading Up 0.6%

NASDAQ:FHB opened at $26.39 on Tuesday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.09 and a beta of 0.73. First Hawaiian has a twelve month low of $20.32 and a twelve month high of $28.35. The stock has a fifty day simple moving average of $26.53 and a 200-day simple moving average of $25.44.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, January 30th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. First Hawaiian had a net margin of 23.65% and a return on equity of 10.19%. The company had revenue of $199.68 million for the quarter, compared to the consensus estimate of $225.33 million. During the same quarter last year, the firm posted $0.41 EPS. As a group, equities research analysts predict that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 3.9%. First Hawaiian’s dividend payout ratio is 47.27%.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.