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

Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been assigned a consensus rating of "Reduce" from the seven ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.36.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of First Hawaiian from $25.00 to $25.50 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company cut their price objective on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their target price on 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 cut their price target on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors and hedge funds have recently modified their holdings of the business. M&T Bank Corp raised its position in shares of First Hawaiian by 2.5% during the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock worth $432,000 after purchasing an additional 409 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of First Hawaiian by 2.9% in the first quarter. Voya Investment Management LLC now owns 15,918 shares of the bank's stock valued at $389,000 after acquiring an additional 448 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of First Hawaiian by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 36,493 shares of the bank's stock worth $892,000 after acquiring an additional 521 shares during the last quarter. Covestor Ltd increased its position in shares of First Hawaiian by 8.1% during the fourth quarter. Covestor Ltd now owns 7,226 shares of the bank's stock worth $188,000 after purchasing an additional 539 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in First Hawaiian by 1.8% in the 4th quarter. Evergreen Capital Management LLC now owns 37,260 shares of the bank's stock valued at $967,000 after purchasing an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Stock Up 0.8%

Shares of NASDAQ:FHB opened at $26.44 on Monday. First Hawaiian has a 52 week low of $20.32 and a 52 week high of $28.80. The firm has a 50 day moving average of $23.99 and a 200 day moving average of $24.79. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 4.77 and a beta of 0.83.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, sell-side analysts expect that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors 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 yield of 3.93%. First Hawaiian's dividend payout ratio is presently 56.52%.

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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