First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.67.
Several research firms recently weighed in on FHB. Barclays increased their target price on First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Piper Sandler raised their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Wells Fargo & Company upped their price target on shares of First Hawaiian from $18.00 to $22.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th.
Get Our Latest Stock Analysis on First Hawaiian
First Hawaiian Price Performance
First Hawaiian (NASDAQ:FHB – Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. First Hawaiian had a return on equity of 8.96% and a net margin of 18.83%. The company had revenue of $204.62 million during the quarter, compared to the consensus estimate of $202.94 million. As a group, sell-side analysts expect that First Hawaiian will post 1.78 earnings per share for the current fiscal year.
First Hawaiian Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.04 annualized dividend and a yield of 4.51%. First Hawaiian’s dividend payout ratio is currently 59.77%.
Institutional Trading of First Hawaiian
Institutional investors have recently added to or reduced their stakes in the business. Creative Planning raised its position in First Hawaiian by 10.8% in the second quarter. Creative Planning now owns 22,205 shares of the bank’s stock valued at $461,000 after purchasing an additional 2,156 shares during the period. Algert Global LLC acquired a new stake in shares of First Hawaiian in the second quarter valued at about $267,000. SkyView Investment Advisors LLC raised its holdings in shares of First Hawaiian by 1.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 37,546 shares of the bank’s stock valued at $779,000 after buying an additional 652 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of First Hawaiian by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock valued at $218,025,000 after buying an additional 942,634 shares during the period. Finally, AQR Capital Management LLC lifted its position in First Hawaiian by 958.2% during the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after acquiring an additional 397,897 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other 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.
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