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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have earned a consensus rating of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.5625.

Several research firms have recently commented on FHB. JPMorgan Chase & Co. reduced their price target on shares of First Hawaiian from $29.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. TD Cowen lifted their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Stephens set a $28.00 target price on shares of First Hawaiian in a report on Monday, April 27th. Finally, Wells Fargo & Company lifted their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, March 30th.

Institutional Trading of First Hawaiian

Several institutional investors have recently added to or reduced their stakes in FHB. Eurizon Capital SGR S.p.A. acquired a new stake in First Hawaiian in the 4th quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Hawaiian by 2,916.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,050 shares during the last quarter. Global Retirement Partners LLC increased its holdings in First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after purchasing an additional 534 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in First Hawaiian in the 4th quarter valued at approximately $46,000. Finally, Danske Bank A S acquired a new stake in First Hawaiian in the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Performance

FHB stock opened at $27.18 on Thursday. The firm has a market cap of $3.31 billion, a PE ratio of 11.92, a PEG ratio of 2.02 and a beta of 0.75. The firm’s 50 day moving average price is $26.12 and its 200-day moving average price is $25.89. First Hawaiian has a one year low of $22.65 and a one year high of $28.35.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $220.35 million for the quarter, compared to analyst estimates of $223.59 million. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. During the same quarter in the previous year, the company earned $0.47 EPS. Equities research analysts predict that First Hawaiian will post 2.33 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is 45.61%.

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.