First Hawaiian, Inc. (NASDAQ:FHB) Stock Has Average Target Price of $29.00

First Hawaiian, Inc. (NASDAQ:FHB) has been given an average recommendation of “Hold” by the ten analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.00.

FHB has been the subject of several recent research reports. Barclays lifted their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Benchmark reaffirmed a “hold” rating on shares of First Hawaiian in a report on Tuesday, July 14th. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, July 7th. Piper Sandler increased their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Stephens upgraded shares of First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 target price for the company in a research note on Thursday, August 6th.

First Hawaiian Price Performance

Shares of NASDAQ FHB opened at $25.27 on Friday. The stock has a fifty day simple moving average of $25.45 and a two-hundred day simple moving average of $26.57. First Hawaiian has a 1-year low of $23.26 and a 1-year high of $30.58.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, October 23rd. The bank reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The firm had revenue of $230.23 million during the quarter, compared to analysts’ expectations of $229.20 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. Equities research analysts expect that First Hawaiian will post 2.35 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 16th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FHB. Elevation Wealth Partners LLC increased its holdings in First Hawaiian by 378.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock worth $27,000 after acquiring an additional 738 shares during the period. Anchor Investment Management LLC purchased a new stake in First Hawaiian in the 2nd quarter worth approximately $30,000. Pension & Wealth Management Advisors Inc. purchased a new stake in First Hawaiian in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in First Hawaiian in the 3rd quarter valued at $31,000. Finally, Global Retirement Partners LLC bought a new position in First Hawaiian in the 2nd quarter valued at $51,000. Institutional investors own 97.63% of the company’s stock.

About First Hawaiian

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.