First Hawaiian (NASDAQ:FHB) Research Coverage Started at Stephens

Stephens started coverage on shares of First Hawaiian (NASDAQ:FHB) in a report released on Wednesday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $30.00 price target on the bank’s stock.

Several other research firms also recently weighed in on FHB. Wells Fargo & Company lifted their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $22.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.43.

First Hawaiian Stock Performance

FHB opened at $27.61 on Wednesday. The stock’s 50 day moving average price is $25.06 and its 200-day moving average price is $23.29. First Hawaiian has a one year low of $19.43 and a one year high of $28.80. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 15.78 and a beta of 0.96.

First Hawaiian Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s payout ratio is 59.43%.

Institutional Trading of First Hawaiian

A number of hedge funds have recently bought and sold shares of FHB. Whittier Trust Co. boosted its holdings in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after buying an additional 507 shares in the last quarter. Versant Capital Management Inc lifted its position in First Hawaiian by 55.7% during the second quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock valued at $39,000 after acquiring an additional 678 shares during the last quarter. Blue Trust Inc. boosted its stake in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after acquiring an additional 625 shares in the last quarter. GAMMA Investing LLC grew its holdings in First Hawaiian by 50.3% in the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock worth $44,000 after purchasing an additional 710 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of First Hawaiian by 48.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after purchasing an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

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.