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

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have earned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $26.86.

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

First Hawaiian Trading Up 0.8 %

NASDAQ FHB opened at $26.09 on Monday. The company has a 50-day moving average price of $26.56 and a two-hundred day moving average price of $24.72. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 14.91 and a beta of 0.99.

First Hawaiian Dividend Announcement

The firm also recently announced 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. This represents a $1.04 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Monday, November 18th. First Hawaiian’s payout ratio is 59.43%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FHB. Blue Trust Inc. boosted its holdings in shares of First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after buying an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in First Hawaiian in the 3rd quarter worth approximately $51,000. Abich Financial Wealth Management LLC grew its position in First Hawaiian by 32.5% during 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 in the last quarter. Quarry LP raised its stake in First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after purchasing an additional 2,039 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of First Hawaiian by 49.1% in the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank’s stock valued at $73,000 after purchasing an additional 1,041 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

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.