Shares of First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) have been given an average rating of "Reduce" by the six brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.33.
A number of brokerages have commented on FHB. Piper Sandler increased their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Barclays increased their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of First Hawaiian from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective on First Hawaiian from $25.00 to $26.00 and gave the company a "market perform" rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on First Hawaiian from $24.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 9th.
Read Our Latest Stock Report on First Hawaiian
NASDAQ FHB opened at $27.90 on Friday. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 15.94 and a beta of 0.96. First Hawaiian has a 1-year low of $18.77 and a 1-year high of $28.38. The company has a 50 day moving average of $24.66 and a 200-day moving average of $23.09.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Monday, November 18th. First Hawaiian's dividend payout ratio (DPR) is currently 59.43%.
Several hedge funds and other institutional investors have recently made changes to their positions in FHB. Whittier Trust Co. boosted its stake in First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank's stock worth $26,000 after acquiring an additional 507 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock valued at $43,000 after buying an additional 625 shares during the period. Versant Capital Management Inc increased its position in shares of First Hawaiian by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank's stock valued at $39,000 after buying an additional 678 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in First Hawaiian by 48.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank's stock worth $44,000 after buying an additional 652 shares during the period. Finally, GAMMA Investing LLC raised its stake in First Hawaiian by 50.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank's stock worth $44,000 after buying an additional 710 shares during the period. 97.63% of the stock is currently owned by institutional investors.
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.
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