First Hawaiian (NASDAQ:FHB) Price Target Raised to $22.00

First Hawaiian (NASDAQ:FHB) had its price objective hoisted by Wells Fargo & Company from $21.00 to $22.00 in a report released on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the bank’s stock.

Several other brokerages have also recently weighed in on FHB. The Goldman Sachs Group raised their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Stephens started coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.14.

First Hawaiian Price Performance

FHB opened at $27.36 on Tuesday. The business has a 50 day moving average price of $25.39 and a two-hundred day moving average price of $23.43. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.63 and a beta of 0.98. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is currently 59.43%.

Institutional Trading of First Hawaiian

Several large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in shares of First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after buying an additional 507 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of First Hawaiian by 51.5% during the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after acquiring an additional 625 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of First Hawaiian by 50.3% during the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock worth $44,000 after acquiring an additional 710 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in First Hawaiian during the third quarter valued at $51,000. Finally, Quarry LP increased its position in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares during the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

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.