First Hawaiian, Inc. (NASDAQ:FHB) Receives $30.25 Average Target Price from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been given a consensus recommendation of “Reduce” by the eleven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $30.25.

Several analysts have commented on the stock. Zacks Research cut shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company increased their price target on First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on First Hawaiian from $27.00 to $31.00 and gave the company an “underweight” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group boosted their price target on First Hawaiian from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, July 7th. Finally, Barclays upped their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of First Hawaiian by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock worth $365,777,000 after purchasing an additional 358,632 shares during the last quarter. Ruffer LLP acquired a new stake in First Hawaiian during the fourth quarter worth $3,028,000. Hsbc Holdings PLC purchased a new stake in First Hawaiian in the 1st quarter valued at about $1,829,000. Quantinno Capital Management LP boosted its stake in First Hawaiian by 60.3% during the first quarter. Quantinno Capital Management LP now owns 1,798,815 shares of the bank’s stock worth $44,323,000 after buying an additional 676,433 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of First Hawaiian by 37.7% in the 1st quarter. California State Teachers Retirement System now owns 162,320 shares of the bank’s stock valued at $4,000,000 after acquiring an additional 44,423 shares during the period. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Down 0.7%

Shares of NASDAQ:FHB opened at $27.66 on Tuesday. First Hawaiian has a 52-week low of $22.65 and a 52-week high of $30.58. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.74 and a beta of 0.73. The business has a 50-day moving average price of $28.59 and a 200-day moving average price of $26.95.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, July 24th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. First Hawaiian had a return on equity of 10.27% and a net margin of 24.41%.The firm had revenue of $231.27 million for the quarter, compared to analyst estimates of $227.77 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. As a group, equities analysts anticipate that First Hawaiian will post 2.34 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, August 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.8%. First Hawaiian’s dividend payout ratio (DPR) is 45.22%.

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.