First Hawaiian, Inc. (NASDAQ:FHB) Receives $27.29 Consensus PT from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been given a consensus rating of "Reduce" by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.29.

Several research analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods decreased their target price 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. Barclays decreased their target price on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased 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.

First Hawaiian Price Performance

Shares of FHB traded down $0.18 during mid-day trading on Friday, hitting $23.42. The company's stock had a trading volume of 405,579 shares, compared to its average volume of 734,883. The firm has a 50-day moving average price of $23.33 and a 200 day moving average price of $25.45. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.28 and a beta of 0.82. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The company had revenue of $211.00 million during the quarter, compared to analysts' expectations of $210.24 million. During the same period last year, the company posted $0.42 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Monday, May 19th. First Hawaiian's dividend payout ratio is currently 56.52%.

Institutional Trading of First Hawaiian

Several institutional investors have recently made changes to their positions in FHB. The Manufacturers Life Insurance Company lifted its stake in First Hawaiian by 3.6% in the first quarter. The Manufacturers Life Insurance Company now owns 10,493,396 shares of the bank's stock valued at $256,459,000 after acquiring an additional 360,088 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in First Hawaiian by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,786,438 shares of the bank's stock valued at $141,417,000 after acquiring an additional 122,013 shares during the last quarter. Alliancebernstein L.P. lifted its stake in First Hawaiian by 19.7% in the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock valued at $136,087,000 after acquiring an additional 864,420 shares during the last quarter. Reinhart Partners LLC. lifted its stake in First Hawaiian by 15.1% in the first quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank's stock valued at $56,845,000 after acquiring an additional 305,439 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in First Hawaiian by 2.1% in the first quarter. Northern Trust Corp now owns 2,233,354 shares of the bank's stock valued at $54,583,000 after acquiring an additional 45,349 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

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.