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

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been assigned an average rating of "Hold" from the eleven analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $30.25.

Several research analysts have recently weighed in on FHB shares. Wells Fargo & Company boosted their target price on First Hawaiian from $26.00 to $28.00 and gave the stock an "underweight" rating in a report on Monday, July 6th. Wall Street Zen cut First Hawaiian from a "hold" rating to a "sell" rating in a report on Sunday, August 2nd. Stephens upgraded First Hawaiian from an "equal weight" rating to an "overweight" rating and set a $33.00 price objective on the stock in a research report on Thursday, August 6th. Weiss Ratings reissued a "buy (b)" rating on shares of First Hawaiian in a research note on Monday, July 6th. Finally, Barclays boosted their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th.

First Hawaiian Stock Down 0.8%

Shares of First Hawaiian stock opened at $27.27 on Tuesday. First Hawaiian has a twelve month low of $22.65 and a twelve month high of $30.58. The business has a 50-day moving average price of $28.54 and a 200 day moving average price of $26.95. The firm has a market cap of $3.32 billion, a PE ratio of 11.86, a P/E/G ratio of 1.73 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $231.27 million for the quarter, compared to the consensus estimate of $227.77 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same period last year, the firm posted $0.58 earnings per share. On average, sell-side analysts expect that First Hawaiian will post 2.34 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.04 annualized dividend and a yield of 3.8%. First Hawaiian's dividend payout ratio (DPR) is 45.22%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FHB. BlackRock Inc. acquired a new position in shares of First Hawaiian in the second quarter valued at approximately $483,971,000. Vanguard Group Inc. lifted its holdings in First Hawaiian by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank's stock worth $365,777,000 after buying an additional 358,632 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in First Hawaiian by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,693,630 shares of the bank's stock valued at $164,927,000 after buying an additional 313,362 shares during the period. State Street Corp grew its stake in shares of First Hawaiian by 1.3% in the second quarter. State Street Corp now owns 5,883,194 shares of the bank's stock worth $146,845,000 after acquiring an additional 77,478 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of First Hawaiian by 68.6% during the fourth quarter. AQR Capital Management LLC now owns 3,720,826 shares of the bank's stock worth $94,137,000 after acquiring an additional 1,514,465 shares during the period. Hedge funds and other institutional investors own 97.63% of the company's stock.

About First Hawaiian

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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