First Hawaiian (NASDAQ:FHB) Price Target Raised to $21.00 at Wells Fargo & Company

First Hawaiian (NASDAQ:FHB) had its price objective raised by Wells Fargo & Company from $20.00 to $21.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. Wells Fargo & Company‘s target price would suggest a potential downside of 16.03% from the company’s previous close.

Several other brokerages also recently weighed in on FHB. The Goldman Sachs Group raised their price target on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Piper Sandler lifted their price target on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Finally, Barclays increased their price objective on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $24.33.

First Hawaiian Trading Up 0.2 %

Shares of FHB stock opened at $25.01 on Monday. The stock has a market cap of $3.20 billion, a PE ratio of 14.37 and a beta of 0.98. First Hawaiian has a 12 month low of $17.64 and a 12 month high of $26.18. The company’s fifty day moving average price is $23.57 and its 200-day moving average price is $22.45.

Institutional Investors Weigh In On First Hawaiian

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. grew its holdings in First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the period. Blue Trust Inc. increased its holdings in First Hawaiian by 51.5% in 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 last quarter. Versant Capital Management Inc lifted its stake in First Hawaiian by 55.7% during the second quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after purchasing an additional 678 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in First Hawaiian by 48.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after acquiring an additional 652 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of First Hawaiian by 50.3% in the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after purchasing an additional 710 shares during the period. 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.