First Hawaiian (NASDAQ:FHB) Price Target Raised to $28.00

First Hawaiian (NASDAQ:FHB) had its target price lifted by Barclays from $27.00 to $28.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.

A number of other research firms also recently weighed in on FHB. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Tuesday, December 17th. Stephens assumed coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company boosted their price target on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.86.

First Hawaiian Stock Performance

Shares of FHB stock opened at $25.48 on Thursday. The firm has a fifty day moving average of $26.25 and a 200-day moving average of $23.92. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 14.56 and a beta of 0.98. First Hawaiian has a 52-week low of $19.48 and a 52-week high of $28.80.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio is currently 59.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Hawaiian by 5.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock valued at $237,000 after purchasing an additional 488 shares during the last quarter. Whittier Trust Co. boosted its stake in First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after acquiring an additional 507 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in First Hawaiian by 5.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock worth $262,000 after acquiring an additional 569 shares during the period. Blue Trust Inc. raised its position in shares of First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after acquiring an additional 625 shares during the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of First Hawaiian by 32.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock valued at $55,000 after purchasing an additional 644 shares during the period. Institutional investors 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.