Piper Sandler Lowers First Hawaiian (NASDAQ:FHB) Price Target to $25.00

First Hawaiian (NASDAQ:FHB) had its price objective decreased by analysts at Piper Sandler from $27.00 to $25.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target would indicate a potential downside of 0.20% from the stock’s current price.

A number of other equities research analysts also recently issued reports on FHB. JPMorgan Chase & Co. lowered their price target on First Hawaiian from $29.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday. TD Cowen reaffirmed a “hold” rating on shares of First Hawaiian in a research note on Monday, February 2nd. Wall Street Zen upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Wells Fargo & Company increased their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, March 30th. Finally, Zacks Research lowered shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 25th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, First Hawaiian presently has an average rating of “Reduce” and a consensus price target of $26.93.

First Hawaiian Price Performance

NASDAQ:FHB opened at $25.05 on Thursday. The company has a market cap of $3.08 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.98 and a beta of 0.71. First Hawaiian has a fifty-two week low of $20.32 and a fifty-two week high of $28.35. The firm’s 50 day moving average is $25.42 and its two-hundred day moving average is $25.30.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $225.85 million during the quarter, compared to analysts’ expectations of $225.33 million. First Hawaiian had a net margin of 23.65% and a return on equity of 10.19%. During the same period in the previous year, the company earned $0.41 EPS. Research analysts forecast that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

Insider Buying and Selling at First Hawaiian

In other news, Director Craig Scott Wo sold 1,500 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $27.21, for a total transaction of $40,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. purchased a new stake in First Hawaiian during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its stake in shares of First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after buying an additional 438 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Hawaiian by 2,916.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after buying an additional 1,050 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of First Hawaiian by 45.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after buying an additional 534 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of First Hawaiian in the fourth quarter worth $46,000. 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.