First Hawaiian (NASDAQ:FHB) Given New $22.00 Price Target at Wells Fargo & Company

First Hawaiian (NASDAQ:FHB) had its price objective boosted by Wells Fargo & Company from $18.00 to $22.00 in a research note published on Monday morning, Benzinga reports. They currently have an underweight rating on the bank’s stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered First Hawaiian from a neutral rating to an underweight rating and set a $24.00 price objective for the company. in a research report on Monday. Barclays reduced their price objective on First Hawaiian from $25.00 to $24.00 and set an equal weight rating for the company in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Reduce and a consensus price target of $24.67.

First Hawaiian Price Performance

NASDAQ:FHB opened at $25.04 on Monday. First Hawaiian has a 12-month low of $17.18 and a 12-month high of $26.18. The firm has a market capitalization of $3.20 billion, a P/E ratio of 14.39 and a beta of 0.99. The business has a 50 day simple moving average of $21.54 and a 200 day simple moving average of $21.49.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, August 19th. This represents a $1.04 dividend on an annualized basis and a yield of 4.15%. First Hawaiian’s dividend payout ratio (DPR) is presently 59.77%.

Institutional Trading of First Hawaiian

Hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. raised its stake in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after buying an additional 507 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of First Hawaiian by 196.9% in the 4th 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. GAMMA Investing LLC bought a new stake in shares of First Hawaiian in the 4th quarter worth $37,000. Versant Capital Management Inc raised its stake in shares of First Hawaiian by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after buying an additional 678 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of First Hawaiian by 86.5% in the 4th 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. 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.