First Hawaiian, Inc. (NASDAQ:FHB) Receives Consensus Rating of "Reduce" from Analysts

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has been given an average rating of "Reduce" by the seven analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.29.

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company lowered their target price on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Finally, Barclays decreased their price target on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th.

First Hawaiian Stock Down 2.5%

NASDAQ:FHB traded down $0.61 on Thursday, reaching $23.54. The company's stock had a trading volume of 907,862 shares, compared to its average volume of 822,881. First Hawaiian has a 12-month low of $19.54 and a 12-month high of $28.80. The stock has a 50 day moving average price of $23.29 and a 200 day moving average price of $25.11. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.83.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. First Hawaiian's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. Equities research analysts expect that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders 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 annualized dividend and a dividend yield of 4.42%. First Hawaiian's dividend payout ratio (DPR) is currently 56.52%.

Hedge Funds Weigh In On First Hawaiian

Several hedge funds have recently added to or reduced their stakes in FHB. Steward Partners Investment Advisory LLC grew its position in shares of First Hawaiian by 88.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank's stock valued at $351,000 after buying an additional 6,366 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of First Hawaiian during the fourth quarter worth about $215,000. Norges Bank acquired a new stake in shares of First Hawaiian during the fourth quarter worth about $36,266,000. Sterling Capital Management LLC increased its position in shares of First Hawaiian by 51.0% during the fourth quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank's stock worth $198,000 after purchasing an additional 2,580 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of First Hawaiian by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank's stock valued at $16,082,000 after purchasing an additional 17,515 shares during 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 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.