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

First Hawaiian, Inc. (NASDAQ:FHB) has been assigned a consensus rating of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $29.00.

A number of brokerages have recently commented on FHB. Barclays increased their price target on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday. Stephens began coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target for the company. JPMorgan Chase & Co. increased their price target on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Monday. The Goldman Sachs Group increased their price target on First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their price target on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of First Hawaiian in the 4th quarter worth about $32,086,000. Harbor Capital Advisors Inc. raised its position in shares of First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after acquiring an additional 235,253 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of First Hawaiian in the 3rd quarter worth about $3,736,000. FMR LLC raised its position in shares of First Hawaiian by 20.3% in the 3rd quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after acquiring an additional 154,136 shares in the last quarter. Finally, Reinhart Partners LLC. raised its position in shares of First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after acquiring an additional 141,327 shares in the last quarter. 97.63% of the stock is owned by institutional investors.

First Hawaiian Stock Performance

Shares of FHB stock opened at $28.18 on Friday. The stock’s fifty day moving average price is $26.41 and its two-hundred day moving average price is $25.10. The company has a market cap of $3.60 billion, a PE ratio of 15.74 and a beta of 0.99. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period in the prior year, the firm posted $0.37 EPS. On average, equities analysts predict that First Hawaiian will post 1.74 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Friday, February 14th. First Hawaiian’s dividend payout ratio is currently 58.10%.

About First Hawaiian

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.