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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $27.4286.

A number of brokerages have recently weighed in on FHB. JPMorgan Chase & Co. boosted their price target on First Hawaiian from $26.00 to $27.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Zacks Research upgraded shares of First Hawaiian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Piper Sandler upped their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. TD Cowen initiated coverage on shares of First Hawaiian in a report on Thursday, September 25th. They issued a “hold” rating and a $27.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, October 28th.

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.

Institutional Investors Weigh In On First Hawaiian

Large investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in First Hawaiian by 16.4% during the 1st quarter. LPL Financial LLC now owns 199,821 shares of the bank’s stock worth $4,884,000 after buying an additional 28,134 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of First Hawaiian in the first quarter worth $448,000. PNC Financial Services Group Inc. raised its holdings in shares of First Hawaiian by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 8,511 shares of the bank’s stock worth $208,000 after purchasing an additional 946 shares during the last quarter. Headlands Technologies LLC acquired a new position in First Hawaiian during the first quarter valued at $44,000. Finally, Deutsche Bank AG lifted its position in First Hawaiian by 22.8% during the first quarter. Deutsche Bank AG now owns 10,347 shares of the bank’s stock valued at $253,000 after purchasing an additional 1,918 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Up 1.1%

Shares of FHB stock opened at $25.54 on Thursday. First Hawaiian has a 12-month low of $20.32 and a 12-month high of $28.28. The business’s fifty day simple moving average is $24.50 and its 200-day simple moving average is $24.74. The company has a market cap of $3.16 billion, a PE ratio of 12.46, a PEG ratio of 1.61 and a beta of 0.74.

First Hawaiian (NASDAQ:FHB) last posted 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 firm had revenue of $129.16 million during the quarter. On average, equities analysts forecast that First Hawaiian will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

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