Analysts Set First Hawaiian, Inc. (NASDAQ:FHB) PT at $24.33

First Hawaiian, Inc. (NASDAQ:FHB) has been given an average rating of “Reduce” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.33.

A number of brokerages recently weighed in on FHB. JPMorgan Chase & Co. dropped their price objective on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Barclays upped their price target on First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Piper Sandler raised their price objective on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th.

First Hawaiian Stock Up 0.3 %

First Hawaiian stock opened at $24.82 on Wednesday. First Hawaiian has a twelve month low of $17.95 and a twelve month high of $26.18. The business has a fifty day moving average of $23.64 and a two-hundred day moving average of $22.53. The firm has a market cap of $3.17 billion, a P/E ratio of 14.18 and a beta of 0.96.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 4.19%. First Hawaiian’s dividend payout ratio (DPR) is presently 59.43%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. raised its position in 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 acquiring an additional 507 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after purchasing an additional 678 shares during the period. Blue Trust Inc. increased 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 purchasing an additional 625 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of First Hawaiian by 48.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after purchasing an additional 652 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in 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 buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

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.