Wells Fargo & Company Increases First Hawaiian (NASDAQ:FHB) Price Target to $22.00

First Hawaiian (NASDAQ:FHB) had its price target hoisted by Wells Fargo & Company from $18.00 to $22.00 in a research report released on Monday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the bank’s stock.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded First Hawaiian from a neutral rating to an underweight rating and set a $24.00 target price on the stock. in a research report on Monday. Barclays lowered their price target on First Hawaiian from $25.00 to $24.00 and set an equal weight rating on the stock in a research report on Monday, June 24th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Reduce and an average price target of $24.67.

First Hawaiian Trading Down 3.7 %

First Hawaiian stock opened at $24.11 on Monday. The company has a fifty day simple moving average of $21.61 and a 200 day simple moving average of $21.51. First Hawaiian has a 1-year low of $17.18 and a 1-year high of $26.18. The company has a market cap of $3.08 billion, a P/E ratio of 13.86 and a beta of 0.99.

First Hawaiian Dividend Announcement

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

Institutional Investors Weigh In On First Hawaiian

A number of large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. raised 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 purchasing an additional 507 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of First Hawaiian by 196.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after acquiring an additional 831 shares during the period. GAMMA Investing LLC acquired a new position in shares of First Hawaiian in the fourth quarter valued at approximately $37,000. Quent Capital LLC increased its stake in shares of First Hawaiian by 86.5% during the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after purchasing an additional 816 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in First Hawaiian by 35,620.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock worth $41,000 after purchasing an additional 1,781 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

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.