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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have earned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.6429.

A number of equities analysts have recently commented on FHB shares. JPMorgan Chase & Co. lifted their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Tuesday, December 16th. TD Cowen lowered their target price on First Hawaiian from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. Zacks Research downgraded First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 25th. The Goldman Sachs Group set a $27.50 price target on First Hawaiian and gave the company a “sell” rating in a research note on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods raised their price objective on First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th.

Insider Transactions at First Hawaiian

In other news, insider Alan Arizumi sold 36,460 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $25.35, for a total value of $924,261.00. Following the transaction, the insider owned 37,508 shares in the company, valued at approximately $950,827.80. The trade was a 49.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On First Hawaiian

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in First Hawaiian by 74.9% during the third quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after acquiring an additional 438 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Hawaiian by 2,916.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,050 shares during the period. Hantz Financial Services Inc. boosted its position in shares of First Hawaiian by 11,325.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,359 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of First Hawaiian during the 4th quarter valued at about $46,000. Finally, Danske Bank A S acquired a new stake in First Hawaiian during the third quarter worth approximately $47,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $27.07 on Friday. The company has a 50 day simple moving average of $25.98 and a 200 day simple moving average of $25.23. First Hawaiian has a 1 year low of $20.32 and a 1 year high of $28.35. The firm has a market cap of $3.35 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73.

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.