First Hawaiian (NASDAQ:FHB) Given New $28.00 Price Target at Barclays

First Hawaiian (NASDAQ:FHB) had its target price lifted by analysts at Barclays from $27.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective would suggest a potential upside of 11.38% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Stephens started coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target for the company. Wells Fargo & Company lifted their price objective on First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price target on First Hawaiian from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, First Hawaiian has an average rating of “Hold” and a consensus target price of $26.86.

First Hawaiian Trading Down 0.2 %

First Hawaiian stock traded down $0.05 during mid-day trading on Thursday, reaching $25.14. The company had a trading volume of 390,454 shares, compared to its average volume of 654,431. The business has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $23.84. The company has a market cap of $3.22 billion, a P/E ratio of 14.37 and a beta of 0.98. First Hawaiian has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates lifted its stake in shares of First Hawaiian by 5.5% in the 2nd quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock valued at $22,420,000 after acquiring an additional 56,445 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in First Hawaiian by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 64,300 shares of the bank’s stock valued at $1,335,000 after buying an additional 1,100 shares during the period. Whittier Trust Co. grew its holdings in First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after acquiring an additional 507 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of First Hawaiian by 28.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,733 shares of the bank’s stock valued at $617,000 after acquiring an additional 6,505 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of First Hawaiian during the second quarter valued at about $68,000. 97.63% of the stock is currently owned by 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.