First Hawaiian, Inc. (NASDAQ:FHB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.4286.

Several research firms recently commented on FHB. JPMorgan Chase & Co. raised their target price on First Hawaiian from $26.00 to $27.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. Zacks Research raised First Hawaiian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Cowen restated a “hold” rating on shares of First Hawaiian in a research note on Tuesday, October 28th. Piper Sandler increased their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Weiss Ratings raised shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday.

Institutional Investors Weigh In On First Hawaiian

A number of hedge funds and other institutional investors have recently bought and sold shares of FHB. Bank of Montreal Can boosted its stake in First Hawaiian by 1.7% in the second quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after purchasing an additional 422 shares in the last quarter. Farther Finance Advisors LLC lifted its position in First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after buying an additional 438 shares in the last quarter. Voya Investment Management LLC lifted its position in First Hawaiian by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 15,918 shares of the bank’s stock worth $389,000 after buying an additional 448 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in First Hawaiian by 5.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,941 shares of the bank’s stock worth $272,000 after acquiring an additional 567 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in First Hawaiian by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,109 shares of the bank’s stock valued at $926,000 after acquiring an additional 616 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Stock Up 1.2%

NASDAQ FHB opened at $25.30 on Thursday. First Hawaiian has a twelve month low of $20.32 and a twelve month high of $28.28. The stock has a market cap of $3.13 billion, a P/E ratio of 12.34, a PEG ratio of 1.59 and a beta of 0.74. The company’s 50-day simple moving average is $24.48 and its 200 day simple moving average is $24.71.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.The company had revenue of $129.16 million for the quarter. Research analysts anticipate that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a $0.26 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. First Hawaiian’s payout ratio is 50.73%.

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.