First Hawaiian (NASDAQ:FHB – Free Report) had its target price boosted by Keefe, Bruyette & Woods from $28.00 to $31.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.
A number of other equities analysts have also commented on FHB. Wells Fargo & Company lifted their price objective on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price target on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Barclays boosted their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Finally, Stephens started coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.00.
View Our Latest Analysis on FHB
First Hawaiian Stock Performance
First Hawaiian (NASDAQ:FHB – Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same period in the previous year, the business earned $0.37 earnings per share. As a group, equities research analysts forecast that First Hawaiian will post 1.74 earnings per share for the current year.
First Hawaiian Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.77%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its position in First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after acquiring an additional 235,253 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of First Hawaiian during the third quarter valued at approximately $3,736,000. FMR LLC raised its stake in First Hawaiian by 20.3% during the 3rd quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after buying an additional 154,136 shares during the period. Reinhart Partners LLC. lifted its holdings in First Hawaiian by 6.1% during the third quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after acquiring an additional 141,327 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in First Hawaiian by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after acquiring an additional 122,599 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.
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.
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