JPMorgan Chase & Co. Issues Positive Forecast for First Hawaiian (NASDAQ:FHB) Stock Price

First Hawaiian (NASDAQ:FHB) had its price target lifted by research analysts at JPMorgan Chase & Co. from $25.00 to $27.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 7.19% from the company’s previous close.

Several other analysts also recently commented on the stock. Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price for the company. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. Barclays boosted their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods increased their price target on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group boosted their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.71.

First Hawaiian Trading Down 5.7 %

Shares of First Hawaiian stock opened at $25.19 on Tuesday. The company has a market capitalization of $3.22 billion, a P/E ratio of 14.39 and a beta of 0.98. The stock has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $23.84. First Hawaiian has a 12-month low of $19.48 and a 12-month high of $28.80.

Hedge Funds Weigh In On First Hawaiian

Several large investors have recently modified their holdings of the business. Whittier Trust Co. lifted its stake in shares of First Hawaiian by 68.7% during the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after buying an additional 507 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 acquiring an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Hawaiian during the third quarter worth $51,000. Abich Financial Wealth Management LLC boosted its holdings in shares of First Hawaiian by 32.5% in the second quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after acquiring an additional 644 shares during the period. Finally, Quarry LP grew 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 valued at $57,000 after purchasing an additional 2,039 shares in the last quarter. 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.