Research Analysts’ Weekly Ratings Changes for First Hawaiian (FHB)

A number of research firms have changed their ratings and price targets for First Hawaiian (NASDAQ: FHB):

• 12/19/2024 – First Hawaiian had its price target raised by analysts at Barclays PLC from $27.00 to $28.00. They now have an “equal weight” rating on the stock.
• 12/17/2024 – First Hawaiian had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $27.00. They now have an “underweight” rating on the stock.
• 12/5/2024 – First Hawaiian had its price target raised by analysts at Barclays PLC from $25.00 to $27.00. They now have an “equal weight” rating on the stock.
• 12/4/2024 – First Hawaiian had its price target raised by analysts at Keefe, Bruyette & Woods from $25.00 to $28.00. They now have a “market perform” rating on the stock.
• 12/3/2024 – First Hawaiian had its price target raised by analysts at Wells Fargo & Company from $21.00 to $22.00. They now have an “underweight” rating on the stock.
• 11/27/2024 – First Hawaiian is now covered by analysts at Stephens. They set an “equal weight” rating and a $30.00 price target on the stock.
• 11/26/2024 – First Hawaiian had its price target raised by analysts at The Goldman Sachs Group, Inc. from $22.00 to $26.00. They now have a “sell” rating on the stock.
• 10/28/2024 – First Hawaiian had its price target raised by analysts at Wells Fargo & Company from $20.00 to $21.00. They now have an “underweight” rating on the stock.

First Hawaiian Price Performance

Shares of NASDAQ FHB traded up $0.28 during midday trading on Friday, reaching $25.48. 2,499,597 shares of the stock traded hands, compared to its average volume of 665,011. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The stock has a market capitalization of $3.26 billion, a PE ratio of 14.56 and a beta of 0.98. The company’s 50 day moving average is $26.21 and its 200 day moving average is $23.85.

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 given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is currently 59.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in shares of First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after buying an additional 122,599 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after acquiring an additional 370,722 shares in the last quarter. American Century Companies Inc. increased its position in First Hawaiian by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock valued at $69,321,000 after purchasing an additional 203,407 shares during the period. Reinhart Partners LLC. raised its holdings in shares of First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock valued at $56,980,000 after purchasing an additional 141,327 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of First Hawaiian by 7.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock worth $43,207,000 after purchasing an additional 139,291 shares during the period. 97.63% of the stock is currently owned by institutional investors.

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.