First Hawaiian, Inc. (NASDAQ:FHB) Given Consensus Rating of “Reduce” by Analysts

First Hawaiian, Inc. (NASDAQ:FHB) has earned a consensus rating of “Reduce” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.86.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group upped their price target 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. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens started coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, December 3rd.

Institutional Trading of First Hawaiian

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. boosted its position in First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after buying an additional 507 shares during the period. Blue Trust Inc. boosted 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. bought a new position in First Hawaiian during the 3rd quarter worth approximately $51,000. Abich Financial Wealth Management LLC increased its stake in First Hawaiian by 32.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock worth $55,000 after purchasing an additional 644 shares during the period. Finally, Quarry LP increased its stake in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 1.3 %

FHB stock opened at $26.03 on Thursday. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The firm has a market capitalization of $3.33 billion, a PE ratio of 14.87 and a beta of 0.98. The stock has a 50-day simple moving average of $26.33 and a two-hundred day simple moving average of $24.03.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.00%. First Hawaiian’s dividend payout ratio is 59.43%.

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.