First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) has received an average recommendation of “Reduce” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $27.5625.
Several brokerages have recently commented on FHB. Stephens set a $28.00 target price on shares of First Hawaiian in a report on Monday, April 27th. Piper Sandler raised their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on shares of First Hawaiian from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company raised their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, March 30th. Finally, Weiss Ratings raised shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th.
Get Our Latest Stock Analysis on First Hawaiian
First Hawaiian Stock Performance
First Hawaiian (NASDAQ:FHB – Get Free Report) last announced its earnings results on Friday, April 24th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The company had revenue of $220.35 million for the quarter, compared to analysts’ expectations of $223.59 million. During the same period last year, the firm earned $0.47 earnings per share. Equities research analysts predict that First Hawaiian will post 2.33 earnings per share for the current fiscal year.
First Hawaiian Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is 45.61%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co increased its stake in First Hawaiian by 94.2% in the third quarter. Elo Mutual Pension Insurance Co now owns 51,139 shares of the bank’s stock valued at $1,270,000 after acquiring an additional 24,805 shares during the last quarter. SG Americas Securities LLC increased its stake in First Hawaiian by 409.2% in the fourth quarter. SG Americas Securities LLC now owns 89,506 shares of the bank’s stock valued at $2,265,000 after acquiring an additional 71,927 shares during the last quarter. Oak Thistle LLC bought a new position in First Hawaiian in the fourth quarter valued at approximately $1,243,000. Vanguard Group Inc. increased its stake in First Hawaiian by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock valued at $365,777,000 after acquiring an additional 358,632 shares during the last quarter. Finally, Ruffer LLP bought a new position in First Hawaiian in the fourth quarter valued at approximately $3,028,000. 97.63% of the stock is owned by institutional investors.
First Hawaiian Company Profile
First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.
First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.
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