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

First Hawaiian, Inc. (NASDAQ:FHB) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $29.25.

FHB has been the subject of several research analyst reports. Barclays lifted their price objective on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. Wall Street Zen cut First Hawaiian from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Piper Sandler upped their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Stephens set a $28.00 price objective on shares of First Hawaiian in a report on Monday, April 27th.

Institutional Investors Weigh In On First Hawaiian

Several institutional investors have recently bought and sold shares of FHB. Eurizon Capital SGR S.p.A. acquired a new position in shares of First Hawaiian during the 4th quarter worth approximately $26,000. Elevation Wealth Partners LLC lifted its holdings in shares of First Hawaiian by 378.5% during the second quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock worth $27,000 after buying an additional 738 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after purchasing an additional 1,050 shares in the last quarter. Global Retirement Partners LLC grew its stake in First Hawaiian by 45.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after buying an additional 534 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of First Hawaiian in the 4th quarter valued at $46,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 0.7%

First Hawaiian stock opened at $29.06 on Friday. First Hawaiian has a 12 month low of $22.65 and a 12 month high of $30.58. The business has a 50 day moving average price of $28.24 and a two-hundred day moving average price of $26.79. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.57 and a beta of 0.72.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The business had revenue of $220.35 million for the quarter, compared to analysts’ expectations of $223.59 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts expect that First Hawaiian will post 2.38 earnings per share for the current fiscal year.

First Hawaiian Company Profile

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.