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

First Hawaiian (NASDAQ:FHB) had its price target increased by Barclays from $28.00 to $30.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Piper Sandler boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday. Stephens assumed coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Wells Fargo & Company increased their target price on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.00.

First Hawaiian Stock Performance

Shares of NASDAQ:FHB opened at $28.04 on Monday. The business’s 50-day simple moving average is $26.40 and its 200 day simple moving average is $25.08. The company has a market cap of $3.59 billion, a P/E ratio of 15.66 and a beta of 0.99. First Hawaiian has a one year low of $19.48 and a one year high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating 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 prior year, the business earned $0.37 earnings per share. Analysts predict that First Hawaiian will post 1.74 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.71%. First Hawaiian’s payout ratio is 58.10%.

Institutional Trading of First Hawaiian

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of First Hawaiian by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock worth $15,897,000 after purchasing an additional 7,926 shares during the period. Y Intercept Hong Kong Ltd bought a new position in First Hawaiian during the 3rd quarter worth $632,000. Jane Street Group LLC increased its position in First Hawaiian by 91.4% in the third quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after buying an additional 84,120 shares during the period. FMR LLC increased its position in First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after buying an additional 154,136 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in First Hawaiian by 78.7% in the third quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock valued at $610,000 after buying an additional 11,604 shares during the last quarter. 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.