First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

First Hawaiian (NASDAQ:FHB - Free Report) had its price target lifted by JPMorgan Chase & Co. from $25.00 to $25.50 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an underweight rating on the bank's stock.

FHB has been the subject of a number of other research reports. Wells Fargo & Company decreased their price objective on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. Barclays decreased their price target on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their target price on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.36.

First Hawaiian Trading Up 0.9%

Shares of NASDAQ FHB traded up $0.24 during midday trading on Tuesday, reaching $25.96. 1,886,377 shares of the stock were exchanged, compared to its average volume of 755,631. The stock has a 50 day moving average price of $23.80 and a 200-day moving average price of $24.79. First Hawaiian has a 52-week low of $20.28 and a 52-week high of $28.80. The company has a market capitalization of $3.26 billion, a P/E ratio of 14.11, a P/E/G ratio of 4.48 and a beta of 0.83.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. First Hawaiian had a net margin of 20.36% and a return on equity of 8.99%. The company had revenue of $211.00 million during 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 firm's revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts forecast that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.01%. First Hawaiian's payout ratio is 56.52%.

Institutional Investors Weigh In On First Hawaiian

Several institutional investors have recently added to or reduced their stakes in FHB. Caitong International Asset Management Co. Ltd grew its stake in First Hawaiian by 199.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank's stock worth $26,000 after buying an additional 705 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of First Hawaiian in the 4th quarter valued at $36,000. Headlands Technologies LLC bought a new position in shares of First Hawaiian during the 1st quarter valued at $44,000. Versant Capital Management Inc raised its position in First Hawaiian by 65.1% in the 1st quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock worth $76,000 after purchasing an additional 1,233 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock worth $103,000 after purchasing an additional 2,934 shares during the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

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.