First Hawaiian, Inc. (NASDAQ:FHB) Receives $22.33 Consensus Target Price from Analysts

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) has earned a consensus recommendation of "Reduce" from the four brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.33.

A number of equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $18.00 to $20.00 and gave the company an "underweight" rating in a report on Monday, January 29th. Barclays initiated coverage on shares of First Hawaiian in a research report on Friday, March 8th. They issued an "equal weight" rating and a $25.00 target price for the company. StockNews.com raised shares of First Hawaiian to a "sell" rating in a research report on Friday, January 19th. Finally, TheStreet raised shares of First Hawaiian from a "c+" rating to a "b-" rating in a research report on Tuesday, December 19th.

Hedge Funds Weigh In On First Hawaiian

Several large investors have recently bought and sold shares of the stock. Truist Financial Corp raised its position in shares of First Hawaiian by 0.9% in the 4th quarter. Truist Financial Corp now owns 61,989 shares of the bank's stock valued at $1,614,000 after acquiring an additional 529 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of First Hawaiian by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 56,400 shares of the bank's stock worth $1,289,000 after purchasing an additional 550 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of First Hawaiian by 8.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,135 shares of the bank's stock worth $163,000 after purchasing an additional 550 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of First Hawaiian by 4.5% in the 3rd quarter. Captrust Financial Advisors now owns 15,040 shares of the bank's stock worth $370,000 after purchasing an additional 646 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of First Hawaiian by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 71,706 shares of the bank's stock worth $1,766,000 after purchasing an additional 681 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Performance

Shares of First Hawaiian stock traded down $0.33 during trading on Tuesday, reaching $21.18. 656,330 shares of the company's stock were exchanged, compared to its average volume of 704,948. First Hawaiian has a 1-year low of $15.08 and a 1-year high of $23.22. The company has a market cap of $2.70 billion, a P/E ratio of 11.51 and a beta of 1.01. The firm's 50-day moving average price is $21.38 and its 200 day moving average price is $20.39.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). First Hawaiian had a net margin of 20.90% and a return on equity of 9.87%. The firm had revenue of $210.14 million for the quarter, compared to the consensus estimate of $201.09 million. During the same period in the previous year, the company earned $0.62 earnings per share. As a group, equities research analysts predict that First Hawaiian will post 1.68 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Thursday, February 15th. First Hawaiian's dividend payout ratio is currently 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.