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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have received a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $29.00.

Several equities research analysts have recently commented on the company. Barclays increased their price objective on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in First Hawaiian by 65.1% in the first quarter. Versant Capital Management Inc now owns 3,128 shares of the bank’s stock valued at $76,000 after purchasing an additional 1,233 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of First Hawaiian by 1.8% in the fourth quarter. Wellington Management Group LLP now owns 699,224 shares of the bank’s stock valued at $18,145,000 after buying an additional 12,523 shares during the period. Retirement Planning Group LLC raised its holdings in First Hawaiian by 2.8% in the 4th quarter. Retirement Planning Group LLC now owns 34,634 shares of the bank’s stock valued at $899,000 after buying an additional 938 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in First Hawaiian by 18.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 393,393 shares of the bank’s stock worth $10,209,000 after buying an additional 62,306 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in First Hawaiian by 41.9% during the 4th quarter. Squarepoint Ops LLC now owns 42,849 shares of the bank’s stock worth $1,112,000 after acquiring an additional 12,646 shares during the last quarter. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Down 4.4 %

First Hawaiian stock opened at $21.66 on Friday. The company has a 50 day moving average of $25.93 and a 200-day moving average of $25.64. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a market capitalization of $2.73 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period in the previous year, the business posted $0.37 EPS. Equities analysts anticipate that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

About First Hawaiian

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.