First Hawaiian, Inc. (NASDAQ:FHB) Given Average Rating of "Reduce" by Brokerages

Key Points

• Analysts have a consensus rating of "Reduce" on First Hawaiian from nine covering firms (3 sell, 5 hold, 1 buy), with an average 12‑month price target of $27.56.
• First Hawaiian reported Q1 EPS of $0.55 (beating by $0.02) while revenue of $220.35M slightly missed estimates, and announced a quarterly dividend of $0.26 ($1.04 annualized) for a 3.8% yield and a ~45.6% payout ratio.
• The bank has a market capitalization of $3.38B, a P/E of 12.05 and a one‑year trading range of $22.65–$28.35, with institutional investors owning about 97.63% of the stock.

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has been assigned a consensus rating of "Reduce" from the nine analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.5625.

FHB has been the topic of several recent analyst reports. Wall Street Zen raised First Hawaiian from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. Piper Sandler raised their price objective on First Hawaiian from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Monday, April 27th. JPMorgan Chase & Co. reduced their price objective on shares of First Hawaiian from $29.00 to $25.00 and set an "underweight" rating on the stock in a report on Wednesday, April 1st. Weiss Ratings raised shares of First Hawaiian from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 9th. Finally, Wells Fargo & Company increased their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the stock an "underweight" rating in a research note on Monday, March 30th.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $27.47 on Friday. The company has a market capitalization of $3.38 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.78 and a beta of 0.75. The company has a 50 day simple moving average of $25.37 and a 200-day simple moving average of $25.54. First Hawaiian has a 1 year low of $22.65 and a 1 year high of $28.35.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $220.35 million for the quarter, compared to analysts' expectations of $223.59 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same period in the prior year, the firm posted $0.47 earnings per share. As a group, research analysts expect that First Hawaiian will post 2.31 EPS for the current year.

First Hawaiian Announces Dividend

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

Insider Buying and Selling at First Hawaiian

In related news, Director Craig Scott Wo sold 1,500 shares of First Hawaiian stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $27.21, for a total value of $40,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FHB. Fifth Third Bancorp grew its stake in shares of First Hawaiian by 10,761.6% in the first quarter. Fifth Third Bancorp now owns 120,455 shares of the bank's stock valued at $2,968,000 after buying an additional 119,346 shares in the last quarter. Hsbc Holdings PLC acquired a new position in First Hawaiian during the 1st quarter worth about $1,829,000. Childress Capital Advisors LLC boosted its holdings in First Hawaiian by 9.4% during the 1st quarter. Childress Capital Advisors LLC now owns 11,096 shares of the bank's stock valued at $273,000 after acquiring an additional 952 shares during the period. HB Wealth Management LLC boosted its holdings in First Hawaiian by 28.6% during the 1st quarter. HB Wealth Management LLC now owns 16,010 shares of the bank's stock valued at $394,000 after acquiring an additional 3,565 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in First Hawaiian by 122.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 411,419 shares of the bank's stock valued at $10,137,000 after acquiring an additional 226,747 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Company Profile

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.

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