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

First Hawaiian, Inc. (NASDAQ:FHB) has been given a consensus rating of “Reduce” by the nine brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.6429.

Several equities analysts recently commented on the stock. TD Cowen decreased their price objective on shares of First Hawaiian from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 16th. Zacks Research lowered shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 25th. Finally, The Goldman Sachs Group set a $27.50 target price on First Hawaiian and gave the stock a “sell” rating in a research note on Tuesday, January 6th.

Insider Buying and Selling at First Hawaiian

In other news, insider Alan Arizumi sold 36,460 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $25.35, for a total value of $924,261.00. Following the completion of the transaction, the insider directly owned 37,508 shares in the company, valued at $950,827.80. This trade represents a 49.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On First Hawaiian

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new position in shares of First Hawaiian in the 2nd quarter valued at about $338,000. Capital Fund Management S.A. acquired a new stake in First Hawaiian in the second quarter valued at approximately $1,098,000. Arrowstreet Capital Limited Partnership increased its position in shares of First Hawaiian by 11.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,325,860 shares of the bank’s stock valued at $33,093,000 after buying an additional 135,809 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of First Hawaiian by 840.1% in the third quarter. Nisa Investment Advisors LLC now owns 92,268 shares of the bank’s stock valued at $2,291,000 after buying an additional 82,453 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of First Hawaiian by 11.2% during the 2nd quarter. D.A. Davidson & CO. now owns 15,104 shares of the bank’s stock worth $375,000 after buying an additional 1,519 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

Shares of FHB stock opened at $27.93 on Friday. The stock’s fifty day moving average price is $25.78 and its 200 day moving average price is $25.22. First Hawaiian has a 1-year low of $20.32 and a 1-year high of $28.35. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, October 24th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.The business had revenue of $226.39 million during the quarter, compared to the consensus estimate of $218.22 million. During the same quarter last year, the company earned $0.48 earnings per share. As a group, equities research analysts anticipate that First Hawaiian will post 1.95 earnings per share for the current year.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.