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

First Hawaiian, Inc. (NASDAQ:FHB) has received an average rating of “Reduce” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.5625.

A number of research analysts have commented on the stock. TD Cowen raised their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Stephens set a $28.00 target price on shares of First Hawaiian in a research report on Monday, April 27th. Wells Fargo & Company lifted their price objective on shares of First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, March 30th. Finally, Wall Street Zen downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its position in First Hawaiian by 0.6% in the first quarter. Illinois Municipal Retirement Fund now owns 65,002 shares of the bank’s stock valued at $1,602,000 after buying an additional 397 shares during the last quarter. Evolve Private Wealth LLC lifted its position in First Hawaiian by 1.6% in the first quarter. Evolve Private Wealth LLC now owns 26,105 shares of the bank’s stock valued at $643,000 after buying an additional 406 shares during the last quarter. GAMMA Investing LLC lifted its position in First Hawaiian by 9.4% in the fourth quarter. GAMMA Investing LLC now owns 5,626 shares of the bank’s stock valued at $142,000 after buying an additional 485 shares during the last quarter. Parallel Advisors LLC lifted its position in First Hawaiian by 11.3% in the first quarter. Parallel Advisors LLC now owns 5,171 shares of the bank’s stock valued at $127,000 after buying an additional 525 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in First Hawaiian by 45.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Performance

NASDAQ FHB opened at $27.93 on Monday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 2.06 and a beta of 0.74. The company’s 50-day simple moving average is $27.13 and its two-hundred day simple moving average is $26.24. First Hawaiian has a one year low of $22.65 and a one year high of $29.03.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $220.35 million for the quarter, compared to the consensus estimate of $223.59 million. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts expect that First Hawaiian will post 2.33 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.7%. First Hawaiian’s payout ratio is presently 45.61%.

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.