First Hawaiian, Inc. (NASDAQ:FHB) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have received a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $27.50.

FHB has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Hawaiian in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on First Hawaiian from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Barclays raised First Hawaiian from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $28.00 in a report on Tuesday, November 11th. Wall Street Zen downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, The Goldman Sachs Group set a $27.50 price target on First Hawaiian and gave the company a “sell” rating in a research report on Tuesday, January 6th.

Insider Buying and Selling at First Hawaiian

In related news, Director Craig Scott Wo sold 1,500 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $27.21, for a total value of $40,815.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alan Arizumi sold 36,460 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total transaction of $924,261.00. Following the sale, the insider directly owned 37,508 shares in the company, valued at $950,827.80. This trade represents a 49.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 45,026 shares of company stock valued at $1,144,928. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On First Hawaiian

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC raised its holdings in First Hawaiian by 53.8% in the 4th quarter. Squarepoint Ops LLC now owns 57,049 shares of the bank’s stock worth $1,443,000 after purchasing an additional 19,958 shares during the period. Mariner LLC grew its holdings in First Hawaiian by 135.3% in the fourth quarter. Mariner LLC now owns 68,724 shares of the bank’s stock valued at $1,741,000 after purchasing an additional 39,523 shares during the period. Fieldview Capital Management LLC purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $1,477,000. Entropy Technologies LP purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $255,000. Finally, Barclays PLC raised its stake in shares of First Hawaiian by 11.3% during the 4th quarter. Barclays PLC now owns 394,842 shares of the bank’s stock worth $9,990,000 after buying an additional 40,162 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Up 0.8%

Shares of NASDAQ:FHB opened at $26.30 on Tuesday. First Hawaiian has a 52-week low of $20.32 and a 52-week high of $28.35. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 2.08 and a beta of 0.73. The business has a 50-day moving average price of $26.48 and a 200-day moving average price of $25.38.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 30th. The bank reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.The firm had revenue of $199.68 million for the quarter, compared to analyst estimates of $225.33 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, equities analysts anticipate that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. First Hawaiian’s dividend payout ratio (DPR) is presently 47.27%.

About First Hawaiian

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.