Barclays PLC Reiterates “$32.00” Price Target for First Hawaiian Inc (FHB)
First Hawaiian Inc (NYSE:FHB) has been given a $32.00 target price by investment analysts at Barclays PLC in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the bank’s stock. Barclays PLC’s price objective points to a potential upside of 8.07% from the stock’s current price.
A number of other research firms have also weighed in on FHB. Zacks Investment Research raised shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. UBS AG reaffirmed a “neutral” rating and set a $29.00 target price (down previously from $30.00) on shares of First Hawaiian in a report on Monday, July 31st. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $34.00 target price (down previously from $37.00) on shares of First Hawaiian in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. First Hawaiian currently has a consensus rating of “Hold” and an average price target of $32.33.
Shares of First Hawaiian (NYSE:FHB) traded down 1.33% on Wednesday, hitting $29.61. 306,205 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $29.23 and its 200 day moving average is $29.23. First Hawaiian has a 12 month low of $25.80 and a 12 month high of $35.47. The firm has a market cap of $4.13 billion and a P/E ratio of 18.51.
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Institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its holdings in First Hawaiian by 11.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after acquiring an additional 374 shares during the period. US Bancorp DE purchased a new position in First Hawaiian in the 2nd quarter worth approximately $118,000. UBS Group AG grew its stake in First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock worth $122,000 after buying an additional 3,086 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in First Hawaiian by 90.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock worth $176,000 after buying an additional 2,800 shares in the last quarter. Finally, MUFG Americas Holdings Corp purchased a new position in First Hawaiian in the 2nd quarter worth approximately $221,000.
About First Hawaiian
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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