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

Key Points

• First Hawaiian, Inc. (NASDAQ:FHB) has received an average rating of "Reduce" from analysts, with four sell ratings, five hold ratings, and one buy rating among the ten brokerages covering the stock.
• The average 1-year price target for First Hawaiian's stock is $27.0625, with recent target price adjustments from Wells Fargo and TD Cowen indicating a cautious outlook.
• Institutional investors own 97.63% of First Hawaiian's stock, indicating strong institutional confidence in the company despite mixed analyst ratings.

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has been given an average recommendation of "Reduce" by the ten brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.0625.

FHB has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Barclays reaffirmed an "underweight" rating on shares of First Hawaiian in a research report on Tuesday, July 8th. TD Cowen started coverage on shares of First Hawaiian in a research report on Thursday, September 25th. They set a "hold" rating and a $27.00 target price on the stock. Piper Sandler started coverage on shares of First Hawaiian in a report on Thursday, August 21st. They issued a "neutral" rating and a $26.00 price target on the stock. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of First Hawaiian in a report on Wednesday, October 8th.

Institutional Investors Weigh In On First Hawaiian

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in First Hawaiian by 74.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank's stock valued at $25,000 after buying an additional 438 shares during the period. Voya Investment Management LLC boosted its stake in shares of First Hawaiian by 68.7% in the 3rd quarter. Voya Investment Management LLC now owns 23,598 shares of the bank's stock valued at $586,000 after purchasing an additional 9,609 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of First Hawaiian in the 2nd quarter valued at $257,000. State of Wyoming acquired a new stake in shares of First Hawaiian in the 2nd quarter valued at $137,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of First Hawaiian by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 428,548 shares of the bank's stock valued at $10,697,000 after purchasing an additional 27,591 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

First Hawaiian Trading Up 1.9%

Shares of FHB stock opened at $24.62 on Wednesday. First Hawaiian has a 1 year low of $20.32 and a 1 year high of $28.80. The firm's fifty day simple moving average is $25.04 and its 200 day simple moving average is $24.33. The firm has a market capitalization of $3.07 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 3.56 and a beta of 0.84.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Monday, August 9th. The bank reported $0.44 earnings per share (EPS) for the quarter. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. The business had revenue of $129.16 million for the quarter. Equities research analysts anticipate that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 18th. First Hawaiian's payout ratio is 53.61%.

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.

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