First Hawaiian (NASDAQ:FHB) PT Raised to $26.00

First Hawaiian (NASDAQ:FHB) had its price target boosted by Keefe, Bruyette & Woods from $25.00 to $26.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 3.01% from the stock’s current price.

Several other equities research analysts also recently issued reports on FHB. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research note on Monday. Piper Sandler upped their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday. Barclays decreased their target price on First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Finally, Wells Fargo & Company upped their price target on First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $23.83.

First Hawaiian Stock Performance

Shares of First Hawaiian stock traded down $0.86 during midday trading on Monday, reaching $25.24. 109,935 shares of the company’s stock traded hands, compared to its average volume of 694,766. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 14.51 and a beta of 0.99. First Hawaiian has a 52 week low of $17.18 and a 52 week high of $26.18. The company’s 50 day simple moving average is $21.31 and its 200 day simple moving average is $21.41.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, April 26th. The bank reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. First Hawaiian had a return on equity of 8.96% and a net margin of 18.83%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $202.41 million. As a group, equities research analysts predict that First Hawaiian will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On First Hawaiian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of First Hawaiian during the fourth quarter worth about $352,000. Raymond James & Associates increased its stake in shares of First Hawaiian by 1.9% during the fourth quarter. Raymond James & Associates now owns 928,197 shares of the bank’s stock worth $21,219,000 after purchasing an additional 17,431 shares during the period. Global Retirement Partners LLC grew its position in First Hawaiian by 196.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after buying an additional 831 shares in the last quarter. Quent Capital LLC grew its position in First Hawaiian by 86.5% during the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after buying an additional 816 shares in the last quarter. Finally, Lee Financial Group Hawaii Inc. boosted its holdings in shares of First Hawaiian by 10.5% in the 4th quarter. Lee Financial Group Hawaii Inc. now owns 38,189 shares of the bank’s stock valued at $873,000 after purchasing an additional 3,631 shares in the last quarter. 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.