First Hawaiian, Inc. (NASDAQ:FHB) Receives $28.29 Consensus Target Price from Analysts

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has received a consensus rating of "Reduce" from the seven analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.29.

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a report on Monday, February 3rd. Barclays dropped 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 research note on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler increased their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd.

Hedge Funds Weigh In On First Hawaiian

A number of hedge funds have recently modified their holdings of FHB. SkyView Investment Advisors LLC grew its position in shares of First Hawaiian by 2.7% during the third quarter. SkyView Investment Advisors LLC now owns 38,545 shares of the bank's stock worth $892,000 after acquiring an additional 999 shares during the last quarter. Sanctuary Advisors LLC grew its position in First Hawaiian by 20.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,476 shares of the bank's stock valued at $590,000 after buying an additional 4,383 shares during the last quarter. GAMMA Investing LLC grew its position in First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after buying an additional 461 shares during the last quarter. SG Americas Securities LLC grew its position in First Hawaiian by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 20,740 shares of the bank's stock valued at $538,000 after buying an additional 5,745 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in First Hawaiian by 18.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,692 shares of the bank's stock valued at $771,000 after buying an additional 4,656 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Price Performance

Shares of FHB stock traded up $0.09 during trading hours on Wednesday, reaching $22.94. 660,102 shares of the stock were exchanged, compared to its average volume of 725,513. The business's fifty day moving average is $24.11 and its two-hundred day moving average is $25.56. The firm has a market capitalization of $2.89 billion, a P/E ratio of 12.82, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian has a 12-month low of $19.48 and a 12-month high of $28.80.

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

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.53%. First Hawaiian's dividend payout ratio (DPR) 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.