First Hawaiian, Inc. (NASDAQ:FHB) Receives $27.50 Average Price Target from Brokerages

First Hawaiian, Inc. (NASDAQ:FHB) has been given a consensus recommendation of “Reduce” by the nine analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.50.

FHB has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of First Hawaiian in a report on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of First Hawaiian in a research note on Monday, February 2nd. Piper Sandler cut their price target on shares of First Hawaiian from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of First Hawaiian from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd.

Insider Activity at First Hawaiian

In other First Hawaiian news, Director Craig Scott Wo sold 1,500 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $27.21, for a total value of $40,815.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alan Arizumi sold 36,460 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total value of $924,261.00. Following the transaction, the insider directly owned 37,508 shares in the company, valued at $950,827.80. The trade was a 49.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 45,026 shares of company stock worth $1,144,928. 0.61% of the stock is owned by insiders.

Institutional Trading of First Hawaiian

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after purchasing an additional 438 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of First Hawaiian during the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Hawaiian by 2,916.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after buying an additional 1,050 shares during the period. Hantz Financial Services Inc. increased its holdings in First Hawaiian by 11,325.0% during the second quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock valued at $34,000 after buying an additional 1,359 shares during the period. Finally, Global Retirement Partners LLC raised its stake in First Hawaiian by 45.7% in 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. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Trading Down 0.8%

Shares of NASDAQ:FHB opened at $26.23 on Tuesday. First Hawaiian has a 12 month low of $20.32 and a 12 month high of $28.35. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.09 and a beta of 0.73. The firm’s 50-day moving average is $26.52 and its 200 day moving average is $25.41.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.The business had revenue of $199.68 million during the quarter, compared to analyst estimates of $225.33 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, equities analysts forecast that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.26 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. First Hawaiian’s payout ratio is presently 47.27%.

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.