First Hawaiian, Inc. (NASDAQ:FHB) Receives $27.07 Consensus Target Price from Brokerages

Key Points

• First Hawaiian, Inc. (NASDAQ:FHB) has received a consensus rating of "Strong Sell" from seven analysts, with four ratings being a sell and three as hold.
• The average 12-month price target for First Hawaiian shares is approximately $27.07, reflecting analysts' expectations for the stock's performance.
• The company recently declared a quarterly dividend of $0.26 per share, which translates to an annualized yield of 4.1% based on current trading prices.

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been given an average recommendation of "Strong Sell" by the seven research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.0714.

Several research firms recently commented on FHB. Barclays reissued an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company upped their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a report on Thursday, July 10th. Wall Street Zen raised shares of First Hawaiian from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Piper Sandler initiated coverage on shares of First Hawaiian in a research note on Thursday, August 21st. They issued a "neutral" rating and a $26.00 price objective for the company.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors have recently bought and sold shares of FHB. Stifel Financial Corp lifted its position in First Hawaiian by 0.6% during the fourth quarter. Stifel Financial Corp now owns 234,424 shares of the bank's stock valued at $6,083,000 after purchasing an additional 1,288 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in First Hawaiian by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,156 shares of the bank's stock valued at $2,029,000 after buying an additional 6,439 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in First Hawaiian during the 4th quarter valued at about $239,000. Northern Trust Corp increased its position in First Hawaiian by 10.7% during the 4th quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock valued at $56,779,000 after purchasing an additional 211,399 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in First Hawaiian by 427.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank's stock valued at $16,030,000 after purchasing an additional 500,535 shares during the period. Institutional investors own 97.63% of the company's stock.

First Hawaiian Stock Performance

Shares of NASDAQ FHB traded down $0.10 during midday trading on Tuesday, hitting $25.91. 1,566,548 shares of the company traded hands, compared to its average volume of 1,005,178. First Hawaiian has a 12-month low of $20.32 and a 12-month high of $28.80. The stock has a 50-day moving average price of $25.05 and a 200 day moving average price of $24.49. The firm has a market cap of $3.23 billion, a P/E ratio of 13.36, a P/E/G ratio of 6.31 and a beta of 0.84.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. The company had revenue of $217.54 million for the quarter, compared to analysts' expectations of $214.67 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, equities analysts expect that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 18th. First Hawaiian's dividend payout ratio (DPR) is presently 53.61%.

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.