Brokerages Set First Hawaiian, Inc. (NASDAQ:FHB) Target Price at $27.06

First Hawaiian, Inc. (NASDAQ:FHB) has been assigned an average recommendation of “Reduce” from the ten brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $27.0625.

Several brokerages have commented on FHB. Weiss Ratings reissued a “buy (b-)” rating on shares of First Hawaiian in a research report on Wednesday, October 8th. TD Cowen assumed coverage on First Hawaiian in a research note on Thursday, September 25th. They set a “hold” rating and a $27.00 price target for the company. Wall Street Zen upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. boosted their price objective on First Hawaiian from $25.00 to $25.50 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Finally, Cowen began coverage on First Hawaiian in a research note on Wednesday, September 24th. They set a “hold” rating for the company.

First Hawaiian Trading Up 2.0%

Shares of First Hawaiian stock opened at $23.23 on Wednesday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 11.97, a P/E/G ratio of 3.35 and a beta of 0.84. The business has a fifty day simple moving average of $25.02 and a two-hundred day simple moving average of $24.31. First Hawaiian has a 12 month low of $20.32 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Monday, August 9th. The bank reported $0.44 EPS for the quarter. The business had revenue of $129.16 million during the quarter. First Hawaiian had a return on equity of 9.29% and a net margin of 21.45%. Analysts predict that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, August 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. First Hawaiian’s payout ratio is 53.61%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in First Hawaiian by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after purchasing an additional 422 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in First Hawaiian by 74.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after purchasing an additional 438 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of First Hawaiian by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 15,918 shares of the bank’s stock worth $389,000 after acquiring an additional 448 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of First Hawaiian by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,109 shares of the bank’s stock worth $926,000 after acquiring an additional 616 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of First Hawaiian by 5.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,340 shares of the bank’s stock worth $308,000 after acquiring an additional 672 shares in the last quarter. 97.63% of the stock is currently owned by 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.