Zacks Investment Research upgraded shares of First Hawaiian Inc (NYSE:FHB) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California. “

Other equities analysts have also issued reports about the stock. Compass Point initiated coverage on shares of First Hawaiian in a research note on Thursday, August 11th. They issued a buy rating and a $29.00 target price for the company. Barclays PLC reaffirmed a buy rating and issued a $29.00 target price on shares of First Hawaiian in a research note on Friday, September 16th. Deutsche Bank AG initiated coverage on shares of First Hawaiian in a research note on Monday, August 29th. They issued a hold rating and a $29.00 target price for the company. Keefe, Bruyette & Woods initiated coverage on shares of First Hawaiian in a research note on Monday, August 29th. They issued a market perform rating and a $27.00 target price for the company. Finally, Wells Fargo & Co. initiated coverage on shares of First Hawaiian in a research note on Monday, August 29th. They issued a market perform rating for the company. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $27.94.

Analyst Recommendations for First Hawaiian (NYSE:FHB)

First Hawaiian (NYSE:FHB) opened at 29.79 on Thursday. The company has a market capitalization of $4.16 billion and a price-to-earnings ratio of 18.63. First Hawaiian has a 12-month low of $23.00 and a 12-month high of $30.36. The firm’s 50-day moving average price is $27.20 and its 200 day moving average price is $26.68.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Monday, November 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%.

Several large investors have recently modified their holdings of the stock. Geneva Advisors LLC purchased a new stake in shares of First Hawaiian during the third quarter worth about $200,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of First Hawaiian during the third quarter worth about $207,000. Prudential Financial Inc. purchased a new stake in shares of First Hawaiian during the third quarter worth about $210,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of First Hawaiian during the third quarter worth about $218,000. Finally, Credit Suisse AG purchased a new stake in shares of First Hawaiian during the third quarter worth about $245,000.

First Hawaiian Company Profile

First Hawaiian, Inc is a bank holding company. The Company’s subsidiary, First Hawaiian Bank, is a financial institution. The Company’s Retail Banking segment serves retail customers and small businesses and offers a range of products and services that include deposit products, mortgage and home equity lending, auto financing, business loans and wealth management services.

5 Day Chart for NYSE:FHB

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