First Hawaiian (NASDAQ:FHB – Get Free Report) 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.
Check Out Our Latest Stock Analysis on First Hawaiian
First Hawaiian Stock Performance
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.
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