First Hawaiian, Inc. (NASDAQ:FHB) Receives Average Rating of “Hold” from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHBGet Rating) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.80.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, April 5th. Keefe, Bruyette & Woods cut shares of First Hawaiian from an “outperform” rating to a “market perform” rating and set a $34.00 target price on the stock. in a report on Sunday, April 24th. Wells Fargo & Company lowered their price objective on shares of First Hawaiian from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, StockNews.com lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd.

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its holdings in First Hawaiian by 73.8% in the third quarter. Hsbc Holdings PLC now owns 55,919 shares of the bank’s stock valued at $1,656,000 after buying an additional 23,740 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in First Hawaiian by 0.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 75,000 shares of the bank’s stock valued at $2,050,000 after buying an additional 521 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in First Hawaiian by 2.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,242,717 shares of the bank’s stock valued at $61,293,000 after buying an additional 51,831 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in First Hawaiian in the fourth quarter valued at about $38,075,000. Finally, Bailard Inc. purchased a new position in First Hawaiian in the fourth quarter valued at about $344,000.

FHB stock opened at $25.80 on Friday. First Hawaiian has a twelve month low of $23.51 and a twelve month high of $31.16. The company’s 50 day moving average is $26.33 and its two-hundred day moving average is $27.60. The stock has a market cap of $3.30 billion, a P/E ratio of 12.52 and a beta of 1.13.

First Hawaiian (NASDAQ:FHBGet Rating) last announced its earnings results on Friday, April 22nd. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. First Hawaiian had a net margin of 36.22% and a return on equity of 10.76%. During the same period in the previous year, the business posted $0.44 EPS. On average, equities analysts predict that First Hawaiian will post 1.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, May 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.03%. First Hawaiian’s dividend payout ratio (DPR) is presently 50.49%.

About First Hawaiian (Get Rating)

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.

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Analyst Recommendations for First Hawaiian (NASDAQ:FHB)

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