First Hawaiian (NASDAQ:FHB) Given New $29.00 Price Target at The Goldman Sachs Group

First Hawaiian (NASDAQ:FHB) had its price objective hoisted by analysts at The Goldman Sachs Group from $26.00 to $29.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the bank’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 4.69% from the stock’s current price.

FHB has been the topic of several other research reports. Piper Sandler increased their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday. Stephens began coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. increased their target price on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Tuesday, December 17th. Barclays lifted their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.00.

First Hawaiian Stock Up 0.4 %

NASDAQ FHB opened at $27.70 on Monday. The company has a market capitalization of $3.54 billion, a P/E ratio of 15.47 and a beta of 0.99. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The stock’s 50-day moving average price is $26.40 and its 200-day moving average price is $25.06.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.37 earnings per share. Research analysts anticipate that First Hawaiian will post 1.74 EPS for the current year.

Hedge Funds Weigh In On First Hawaiian

Several hedge funds and other institutional investors have recently made changes to their positions in FHB. Blue Trust Inc. boosted its holdings in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in First Hawaiian during the 3rd quarter worth $51,000. Quarry LP boosted its stake 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 buying an additional 2,039 shares in the last quarter. Global Retirement Partners LLC grew its position in First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock worth $74,000 after buying an additional 693 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of First Hawaiian by 49.1% in the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock valued at $73,000 after buying an additional 1,041 shares in the last quarter. 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.