First Hawaiian, Inc. (NASDAQ:FHB) Receives Consensus Rating of “Reduce” from Analysts

First Hawaiian, Inc. (NASDAQ:FHB) has earned an average recommendation of “Reduce” from the seven analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $29.00.

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Monday, February 3rd. Stephens began coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target for the company. Piper Sandler upped their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Finally, Barclays upped their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd.

First Hawaiian Price Performance

FHB stock opened at $26.90 on Tuesday. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80. The firm has a fifty day moving average price of $26.50 and a two-hundred day moving average price of $25.50. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 3.28 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter last year, the business earned $0.37 earnings per share. As a group, analysts expect that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.87%. The ex-dividend date was Friday, February 14th. First Hawaiian’s payout ratio is currently 58.10%.

Institutional Investors Weigh In On First Hawaiian

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in First Hawaiian by 1.2% in the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock worth $15,897,000 after purchasing an additional 7,926 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in First Hawaiian in the third quarter worth about $632,000. Jane Street Group LLC lifted its holdings in First Hawaiian by 91.4% in the third quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after purchasing an additional 84,120 shares during the period. FMR LLC lifted its holdings in First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after purchasing an additional 154,136 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in First Hawaiian by 78.7% in the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock worth $610,000 after purchasing an additional 11,604 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

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.