First Hawaiian, Inc. (NASDAQ:FHB) Given Consensus Recommendation of “Reduce” by Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been assigned an average recommendation of “Reduce” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.71.

A number of equities research analysts recently weighed in on FHB shares. Wells Fargo & Company lifted their price objective on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. 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 target on the stock. Barclays increased their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, The Goldman Sachs Group increased their price target on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th.

Hedge Funds Weigh In On First Hawaiian

Hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its stake in First Hawaiian by 20.8% during the third quarter. Sanctuary Advisors LLC now owns 25,476 shares of the bank’s stock valued at $590,000 after buying an additional 4,383 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of First Hawaiian by 2.7% during the third quarter. SkyView Investment Advisors LLC now owns 38,545 shares of the bank’s stock valued at $892,000 after acquiring an additional 999 shares during the period. M&T Bank Corp lifted its position in shares of First Hawaiian by 9.9% in the 3rd quarter. M&T Bank Corp now owns 16,252 shares of the bank’s stock valued at $376,000 after acquiring an additional 1,461 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of First Hawaiian in the 3rd quarter valued at approximately $632,000. Finally, Jane Street Group LLC boosted its stake in First Hawaiian by 91.4% in the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after purchasing an additional 84,120 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Price Performance

Shares of First Hawaiian stock opened at $25.19 on Thursday. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80. The business’s fifty day moving average price is $26.17 and its two-hundred day moving average price is $23.84. The company has a market capitalization of $3.22 billion, a P/E ratio of 14.39 and a beta of 0.98.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.26 per share. The ex-dividend date was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.13%. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

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.