Barclays Boosts First Hawaiian (NASDAQ:FHB) Price Target to $30.00

First Hawaiian (NASDAQ:FHB) had its target price lifted by equities researchers at Barclays from $28.00 to $30.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s price target would suggest a potential upside of 8.30% from the company’s current price.

FHB has been the subject of a number of other research reports. The Goldman Sachs Group lifted their price objective on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday. Stephens initiated 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 objective on the stock. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Piper Sandler upped their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Trading Up 0.4 %

NASDAQ:FHB opened at $27.70 on Monday. The company has a 50-day moving average price of $26.40 and a 200-day moving average price of $25.06. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 15.47 and a beta of 0.99. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business earned $0.37 earnings per share. Equities analysts forecast that First Hawaiian will post 1.74 EPS for the current fiscal year.

Institutional Investors Weigh In On First Hawaiian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake 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 during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Hawaiian in the third quarter worth approximately $51,000. Quarry LP grew its position in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after buying an additional 2,039 shares during the period. Global Retirement Partners LLC increased its holdings in First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after buying an additional 693 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in First Hawaiian by 49.1% in the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after acquiring an additional 1,041 shares during the period. Hedge funds and other institutional investors 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.