Brokerages Set First Hawaiian, Inc. (NASDAQ:FHB) Target Price at $26.86

First Hawaiian, Inc. (NASDAQ:FHB) has been assigned an average rating of “Reduce” from the seven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.86.

Several research firms have commented on FHB. JPMorgan Chase & Co. raised their price objective on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Keefe, Bruyette & Woods lifted their price target on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Barclays lifted their price target on First Hawaiian from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Stephens started coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after buying an additional 122,599 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after buying an additional 370,722 shares during the last quarter. American Century Companies Inc. grew its stake in First Hawaiian by 6.5% during the 2nd 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. grew its stake in 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 last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in First Hawaiian by 7.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock worth $43,207,000 after buying an additional 139,291 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Stock Up 1.5 %

FHB opened at $26.01 on Monday. The stock’s fifty day moving average is $26.60 and its two-hundred day moving average is $24.62. The company has a market capitalization of $3.33 billion, a P/E ratio of 14.86 and a beta of 0.99. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, November 18th. This represents a $1.04 annualized dividend and a yield of 4.00%. First Hawaiian’s dividend payout ratio (DPR) is 59.43%.

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.