First Hawaiian (NASDAQ:FHB) Price Target Raised to $27.00

First Hawaiian (NASDAQ:FHB) had its price objective increased by analysts at JPMorgan Chase & Co. from $25.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 0.33% from the stock’s current price.

A number of other brokerages also recently issued reports on FHB. The Goldman Sachs Group raised their target price on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Barclays raised their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.71.

First Hawaiian Stock Performance

Shares of FHB stock traded down $0.36 during trading hours on Tuesday, reaching $26.91. The company had a trading volume of 300,017 shares, compared to its average volume of 651,841. First Hawaiian has a 12-month low of $19.48 and a 12-month high of $28.80. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. The stock has a fifty day moving average of $26.04 and a 200-day moving average of $23.79.

Hedge Funds Weigh In On First Hawaiian

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. raised its position 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 holdings 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. Whittier Trust Co. of Nevada Inc. purchased a new position in First Hawaiian in the third quarter worth approximately $51,000. Quarry LP grew its holdings in First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of First Hawaiian by 32.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock valued at $55,000 after purchasing an additional 644 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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.