First Hawaiian, Inc. (FHB) – What Are Investment Firms Thinking About This Stock?

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have received an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $29.00.

FHB has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of First Hawaiian from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Wednesday, September 30th. Wall Street Zen downgraded First Hawaiian from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Hawaiian in a report on Friday, October 2nd. The Goldman Sachs Group upped their price objective on First Hawaiian from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, July 7th. Finally, Zacks Research downgraded First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th.

Institutional Investors Weigh In On First Hawaiian

Hedge funds and other institutional investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund boosted its holdings in shares of First Hawaiian by 0.6% in the first quarter. Illinois Municipal Retirement Fund now owns 65,002 shares of the bank’s stock worth $1,602,000 after buying an additional 397 shares during the last quarter. IFP Advisors Inc grew its position in First Hawaiian by 17.9% during the second quarter. IFP Advisors Inc now owns 3,231 shares of the bank’s stock valued at $95,000 after buying an additional 491 shares during the period. Covestor Ltd grew its position in First Hawaiian by 15.0% during the third quarter. Covestor Ltd now owns 3,900 shares of the bank’s stock valued at $96,000 after buying an additional 509 shares during the period. Parallel Advisors LLC increased its holdings in First Hawaiian by 11.3% during the first quarter. Parallel Advisors LLC now owns 5,171 shares of the bank’s stock valued at $127,000 after buying an additional 525 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in First Hawaiian by 378.5% during the second quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock valued at $27,000 after buying an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Down 1.7%

FHB opened at $25.20 on Friday. The firm has a 50 day moving average price of $25.36 and a 200-day moving average price of $26.55. First Hawaiian has a twelve month low of $23.26 and a twelve month high of $30.58. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.35 and a beta of 0.76.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, October 23rd. The bank reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). First Hawaiian had a net margin of 23.73% and a return on equity of 9.83%. The company had revenue of $230.23 million for the quarter, compared to the consensus estimate of $229.20 million. During the same quarter last year, the company earned $0.59 EPS. As a group, analysts expect that First Hawaiian will post 2.30 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 16th. First Hawaiian’s payout ratio is currently 46.64%.

First Hawaiian Company Profile

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.