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

First Hawaiian, Inc. (NASDAQ:FHB) has earned an average rating of “Reduce” from the seven analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $29.00.

FHB has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Barclays increased their price target on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors and hedge funds have recently made changes to their positions in FHB. Norges Bank acquired a new stake in First Hawaiian during the 4th quarter worth $36,266,000. Raymond James Financial Inc. bought a new stake in shares of First Hawaiian in the fourth quarter worth about $32,086,000. Alliancebernstein L.P. raised its position in shares of First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank’s stock worth $136,087,000 after purchasing an additional 864,420 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of First Hawaiian by 427.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank’s stock valued at $16,030,000 after purchasing an additional 500,535 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of First Hawaiian by 40.7% in the 4th quarter. First Trust Advisors LP now owns 927,586 shares of the bank’s stock valued at $24,071,000 after purchasing an additional 268,191 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Performance

Shares of FHB opened at $24.29 on Friday. The business’s fifty day moving average price is $26.21 and its two-hundred day moving average price is $25.63. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.28 and a beta of 0.94. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter last year, the firm earned $0.37 EPS. As a group, research analysts forecast that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 4.28%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

First Hawaiian Company Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.