First Hawaiian (NASDAQ:FHB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

First Hawaiian (NASDAQ:FHB) had its price target increased by investment analysts at Keefe, Bruyette & Woods from $25.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 2.34% from the company’s previous close.

A number of other brokerages also recently commented on FHB. JPMorgan Chase & Co. reduced their price objective on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price target on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday. The Goldman Sachs Group upped their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Finally, Stephens started coverage on First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.14.

First Hawaiian Stock Performance

Shares of FHB opened at $27.36 on Wednesday. The stock has a market capitalization of $3.50 billion, a P/E ratio of 15.63 and a beta of 0.98. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The company’s fifty day moving average is $25.39 and its two-hundred day moving average is $23.43.

Institutional Trading of First Hawaiian

Several institutional investors and hedge funds have recently modified their holdings of FHB. Whittier Trust Co. lifted 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 valued at $26,000 after purchasing an additional 507 shares in the last quarter. Blue Trust Inc. raised its position 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 valued at $43,000 after buying an additional 625 shares during the last quarter. GAMMA Investing LLC raised its position in shares of First Hawaiian by 50.3% in the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock valued at $44,000 after buying an additional 710 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Hawaiian during the third quarter valued at approximately $51,000. Finally, Quarry LP boosted its position in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares during the last quarter. Hedge funds and other 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.