The Goldman Sachs Group Boosts First Hawaiian (NASDAQ:FHB) Price Target to $26.00

First Hawaiian (NASDAQ:FHB) had its price target boosted by investment analysts at The Goldman Sachs Group from $22.00 to $26.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the bank’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 5.80% from the company’s current price.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Barclays upped their price objective on First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Piper Sandler upped their price objective on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.43.

First Hawaiian Trading Down 0.3 %

NASDAQ:FHB opened at $27.60 on Tuesday. The firm has a market cap of $3.53 billion, a P/E ratio of 15.77 and a beta of 0.96. The stock’s 50 day simple moving average is $24.92 and its 200-day simple moving average is $23.22. First Hawaiian has a 12-month low of $18.85 and a 12-month high of $28.80.

Institutional Trading of First Hawaiian

Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in First Hawaiian by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after buying an additional 942,634 shares during the period. AQR Capital Management LLC lifted its position in First Hawaiian by 958.2% during the second quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after buying an additional 397,897 shares during the period. Dimensional Fund Advisors LP lifted its position in First Hawaiian by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after buying an additional 370,722 shares during the period. Harbor Capital Advisors Inc. lifted its position in First Hawaiian by 96.8% during the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after buying an additional 235,253 shares during the period. Finally, American Century Companies Inc. lifted its position in First Hawaiian by 6.5% during the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after buying an additional 203,407 shares during the period. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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.