First Hawaiian (NASDAQ:FHB) Given New $25.00 Price Target at Barclays

First Hawaiian (NASDAQ:FHB) had its price objective raised by Barclays from $24.00 to $25.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the bank’s stock.

Several other research firms have also commented on FHB. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $26.00 and gave the stock a market perform rating in a report on Monday. Wells Fargo & Company raised their target price on First Hawaiian from $18.00 to $22.00 and gave the stock an underweight rating in a report on Monday. Piper Sandler raised their target price on First Hawaiian from $22.00 to $27.00 and gave the stock a neutral rating in a report on Monday. Finally, JPMorgan Chase & Co. lowered First Hawaiian from a neutral rating to an underweight rating and set a $24.00 target price on the stock. in a report on Monday. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Reduce and an average price target of $24.67.

First Hawaiian Stock Down 3.7 %

First Hawaiian stock opened at $24.11 on Monday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 13.86 and a beta of 0.98. First Hawaiian has a 52 week low of $17.18 and a 52 week high of $26.18. The business’s 50-day moving average price is $21.61 and its 200 day moving average price is $21.51.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, August 19th. First Hawaiian’s payout ratio is currently 59.77%.

Institutional Trading of First Hawaiian

Several institutional investors have recently bought and sold shares of the business. Whittier Trust Co. lifted its position in shares of 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 in the last quarter. Global Retirement Partners LLC lifted its position in shares of First Hawaiian by 196.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock valued at $27,000 after acquiring an additional 831 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of First Hawaiian in the fourth quarter valued at approximately $37,000. Quent Capital LLC lifted its position in shares of First Hawaiian by 86.5% in the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock valued at $40,000 after acquiring an additional 816 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its position in shares of First Hawaiian by 35,620.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,781 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

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.