First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, Barclays Analyst Says

First Hawaiian (NASDAQ:FHB) had its target price upped by investment analysts at Barclays from $28.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s target price points to a potential upside of 7.87% from the stock’s previous close.

FHB has been the topic of several other research reports. Stephens started 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 on the stock. Piper Sandler boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday. Wells Fargo & Company raised their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price target on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Three 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 stock presently has an average rating of “Hold” and a consensus price target of $28.71.

First Hawaiian Trading Up 0.7 %

First Hawaiian stock traded up $0.19 during trading on Monday, reaching $27.81. The company had a trading volume of 510,754 shares, compared to its average volume of 809,971. The firm’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $25.03. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 15.50 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping 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 in the previous year, the business posted $0.37 EPS. On average, analysts predict that First Hawaiian will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On First Hawaiian

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after buying an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Hawaiian during the third quarter valued at approximately $51,000. Quarry LP boosted its stake in 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 acquiring an additional 2,039 shares in the last quarter. GAMMA Investing LLC grew its holdings in First Hawaiian by 49.1% in the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock worth $73,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of 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 purchasing an additional 693 shares in the last quarter. 97.63% of the stock is 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.