First Hawaiian (NASDAQ:FHB) Price Target Lowered to $27.00 at Barclays

First Hawaiian (NASDAQ:FHB) had its price target cut by Barclays from $30.00 to $27.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods boosted 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. Piper Sandler increased their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group increased their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.57.

First Hawaiian Stock Down 1.9 %

NASDAQ:FHB opened at $21.26 on Tuesday. The stock has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $25.61. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. First Hawaiian has a 1-year low of $19.48 and a 1-year high of $28.80.

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

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.89%. First Hawaiian’s dividend payout ratio is currently 58.10%.

Institutional Trading of First Hawaiian

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of First Hawaiian by 20.3% during the 3rd quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares in the last quarter. BNP Paribas Financial Markets increased its position in First Hawaiian by 78.7% during the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock worth $610,000 after buying an additional 11,604 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Hawaiian by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,087 shares of the bank’s stock valued at $7,665,000 after buying an additional 3,682 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of First Hawaiian in the third quarter worth about $284,000. Finally, Quarry LP lifted its position in shares of First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after buying an additional 2,039 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

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.