First Hawaiian, Inc. (NASDAQ:FHB) Given Average Rating of “Reduce” by Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been assigned a consensus rating of “Reduce” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.6429.

A number of research firms have recently issued reports on FHB. Zacks Research downgraded First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. TD Cowen dropped their target price on shares of First Hawaiian from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Tuesday, December 16th. Piper Sandler upped their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.00 to $28.00 in a research note on Tuesday, November 11th.

First Hawaiian Stock Performance

Shares of NASDAQ FHB opened at $27.93 on Friday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.95 and a beta of 0.73. The stock has a 50 day moving average price of $25.78 and a 200 day moving average price of $25.22. First Hawaiian has a 52-week low of $20.32 and a 52-week high of $28.35.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, October 24th. The bank reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $226.39 million for the quarter, compared to the consensus estimate of $218.22 million. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.During the same period last year, the business posted $0.48 EPS. Analysts forecast that First Hawaiian will post 1.95 earnings per share for the current year.

Insider Transactions at First Hawaiian

In other news, insider Alan Arizumi sold 6,566 shares of First Hawaiian stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.34, for a total value of $166,382.44. Following the transaction, the insider directly owned 1,962 shares in the company, valued at approximately $49,717.08. This trade represents a 76.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors and hedge funds have recently added to or reduced their stakes in FHB. Dimensional Fund Advisors LP lifted its position in shares of First Hawaiian by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 6,158,776 shares of the bank’s stock valued at $152,923,000 after buying an additional 97,803 shares during the last quarter. State Street Corp raised its stake in shares of First Hawaiian by 1.3% during the 2nd quarter. State Street Corp now owns 5,883,194 shares of the bank’s stock worth $146,845,000 after acquiring an additional 77,478 shares in the last quarter. American Century Companies Inc. raised its stake in shares of First Hawaiian by 131.9% during the 3rd quarter. American Century Companies Inc. now owns 2,891,661 shares of the bank’s stock worth $71,800,000 after acquiring an additional 1,644,752 shares in the last quarter. Reinhart Partners LLC. lifted its position in First Hawaiian by 0.7% during the third quarter. Reinhart Partners LLC. now owns 2,360,541 shares of the bank’s stock valued at $58,613,000 after acquiring an additional 17,241 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in First Hawaiian by 230.8% in the third quarter. AQR Capital Management LLC now owns 2,206,361 shares of the bank’s stock valued at $54,784,000 after acquiring an additional 1,539,415 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.