First Hawaiian, Inc. (NASDAQ:FHB) Receives $27.29 Average Price Target from Analysts

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has earned a consensus rating of "Reduce" from the seven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $27.29.

A number of research firms have recently issued reports on FHB. JPMorgan Chase & Co. dropped their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Finally, Barclays dropped their price objective on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th.

Institutional Trading of First Hawaiian

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in First Hawaiian by 199.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank's stock worth $26,000 after purchasing an additional 705 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in First Hawaiian during the fourth quarter worth $36,000. Headlands Technologies LLC purchased a new stake in shares of First Hawaiian in the first quarter valued at $44,000. Global Retirement Partners LLC lifted its position in shares of First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after acquiring an additional 693 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of First Hawaiian by 65.1% in the first quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock valued at $76,000 after acquiring an additional 1,233 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Stock Down 3.1%

FHB traded down $0.74 during trading on Thursday, hitting $23.41. 1,370,472 shares of the stock were exchanged, compared to its average volume of 741,941. The firm has a market capitalization of $2.94 billion, a P/E ratio of 13.08, a PEG ratio of 3.28 and a beta of 0.83. The stock has a fifty day moving average price of $23.34 and a two-hundred day moving average price of $25.06. First Hawaiian has a 1-year low of $19.63 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. Analysts predict that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.26 per share. The ex-dividend date was Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.44%. First Hawaiian's payout ratio is 56.52%.

About First Hawaiian

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.