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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have received a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.86.

Several analysts have recently commented on the company. Wells Fargo & Company lifted their price target on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Barclays increased their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods increased their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after buying an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Hawaiian during the 3rd quarter worth about $51,000. Abich Financial Wealth Management LLC raised its stake in 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 last quarter. Quarry LP lifted its holdings in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after purchasing an additional 2,039 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of First Hawaiian by 49.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after purchasing an additional 1,041 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Up 0.8 %

Shares of NASDAQ:FHB opened at $26.09 on Monday. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The company has a 50-day moving average price of $26.56 and a 200 day moving average price of $24.66. The company has a market cap of $3.34 billion, a P/E ratio of 14.91 and a beta of 0.99.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.99%. First Hawaiian’s dividend payout ratio is presently 59.43%.

First Hawaiian Company Profile

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.