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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have earned an average recommendation of “Reduce” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $27.36.

Several research firms have weighed in on FHB. Barclays decreased their target price on shares of First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut their target price on First Hawaiian from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on First Hawaiian from $25.00 to $25.50 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of First Hawaiian from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th.

First Hawaiian Price Performance

FHB stock opened at $26.44 on Monday. First Hawaiian has a 1 year low of $20.32 and a 1 year high of $28.80. The firm has a market capitalization of $3.32 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 4.77 and a beta of 0.83. The business has a 50 day simple moving average of $23.99 and a 200-day simple moving average of $24.79.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, equities research analysts expect that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $0.26 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 3.93%. First Hawaiian’s dividend payout ratio is presently 56.52%.

Institutional Trading of First Hawaiian

A number of large investors have recently modified their holdings of the stock. Voya Investment Management LLC raised its stake in First Hawaiian by 2.9% in the first quarter. Voya Investment Management LLC now owns 15,918 shares of the bank’s stock valued at $389,000 after buying an additional 448 shares in the last quarter. Strs Ohio acquired a new stake in shares of First Hawaiian during the 1st quarter worth about $1,737,000. Jane Street Group LLC lifted its stake in First Hawaiian by 1,034.4% during the first quarter. Jane Street Group LLC now owns 167,385 shares of the bank’s stock worth $4,091,000 after purchasing an additional 152,630 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in First Hawaiian by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock valued at $10,389,000 after purchasing an additional 31,686 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in First Hawaiian by 10.4% during the first quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock worth $401,000 after purchasing an additional 1,542 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

About First Hawaiian

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.