First Hawaiian (NASDAQ:FHB) Given New $29.00 Price Target at The Goldman Sachs Group

First Hawaiian (NASDAQ:FHB) had its target price lifted by The Goldman Sachs Group from $26.00 to $29.00 in a research note released on Monday,Benzinga reports. They currently have a sell rating on the bank’s stock.

Several other brokerages have also recently weighed in on FHB. Piper Sandler raised their target price on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Company raised their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday. Barclays raised their price target on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Stephens assumed coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, First Hawaiian presently has an average rating of “Hold” and an average target price of $29.00.

First Hawaiian Trading Down 0.1 %

NASDAQ FHB opened at $27.58 on Monday. The company’s fifty day simple moving average is $26.41 and its 200-day simple moving average is $25.03. The stock has a market cap of $3.53 billion, a P/E ratio of 15.41 and a beta of 0.99. First Hawaiian has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period last year, the business posted $0.37 earnings per share. On average, research analysts expect that First Hawaiian will post 1.74 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, February 14th. First Hawaiian’s dividend payout ratio is currently 58.10%.

Institutional Investors Weigh In On First Hawaiian

Several institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after purchasing an additional 235,253 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of First Hawaiian during the third quarter worth $3,736,000. FMR LLC raised its position in First Hawaiian by 20.3% in the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares during the last quarter. Reinhart Partners LLC. boosted its position in First Hawaiian by 6.1% during the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after buying an additional 141,327 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in First Hawaiian by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after purchasing an additional 122,599 shares during the period. 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.