First Hawaiian (NASDAQ:FHB) Price Target Raised to $27.00

First Hawaiian (NASDAQ:FHB) had its price target lifted by JPMorgan Chase & Co. from $25.00 to $27.00 in a report issued on Tuesday,Benzinga reports. They currently have an underweight rating on the bank’s stock.

A number of other equities research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. Barclays upped their target price on First Hawaiian from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Stephens assumed coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.86.

First Hawaiian Stock Performance

Shares of FHB opened at $25.20 on Tuesday. First Hawaiian has a one year low of $19.48 and a one year high of $28.80. The stock’s fifty day moving average is $26.21 and its 200-day moving average is $23.85. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 14.40 and a beta of 0.98.

First Hawaiian Dividend Announcement

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

Institutional Investors Weigh In On First Hawaiian

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in First Hawaiian by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after purchasing an additional 122,599 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of First Hawaiian by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock valued at $108,057,000 after purchasing an additional 370,722 shares during the period. American Century Companies Inc. lifted its stake in shares of First Hawaiian by 6.5% in the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after buying an additional 203,407 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of First Hawaiian by 6.1% during the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after buying an additional 141,327 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in First Hawaiian by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after buying an additional 139,291 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

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.