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

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been assigned an average rating of "Reduce" from the seven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $27.29.

FHB has been the subject of a number of research analyst reports. Wells Fargo & Company dropped 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. Keefe, Bruyette & Woods dropped their price objective on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group raised their price target on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research report on Monday, February 3rd. Finally, Barclays cut their price target on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th.

First Hawaiian Price Performance

First Hawaiian stock opened at $24.59 on Friday. The stock's 50 day moving average price is $23.40 and its 200 day moving average price is $25.50. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80. The company has a market cap of $3.09 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82.

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

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.23%. First Hawaiian's dividend payout ratio is currently 56.52%.

Institutional Trading of First Hawaiian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of First Hawaiian by 199.7% during the 1st 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 during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of First Hawaiian during the fourth quarter valued at approximately $36,000. Headlands Technologies LLC acquired a new stake in First Hawaiian during the first quarter worth approximately $44,000. Blue Trust Inc. boosted its position in First Hawaiian by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after acquiring an additional 904 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after acquiring an additional 693 shares during the period. Hedge funds and other institutional investors own 97.63% of the company's stock.

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.

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