First Hawaiian Inc (NYSE:FHB) hit a new 52-week high during trading on Friday . The company traded as high as $27.25 and last traded at $27.19, with a volume of 354,007 shares changing hands. The stock had previously closed at $26.61.

FHB has been the subject of a number of recent analyst reports. Compass Point initiated coverage on shares of First Hawaiian in a research report on Thursday, August 11th. They issued a “buy” rating and a $29.00 price objective for the company. Barclays PLC initiated coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued an “overweight” rating and a $29.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued a “market perform” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued an “overweight” rating and a $28.50 price objective for the company. Finally, Goldman Sachs Group Inc. initiated coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued a “neutral” rating and a $27.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.94.

The company has a market capitalization of $3.79 billion and a P/E ratio of 16.86. The stock’s 50 day moving average price is $25.87 and its 200-day moving average price is $25.87.

In other news, Director Paribas Bnp sold 24,250,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $21.97, for a total value of $532,772,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First Hawaiian Inc, formerly BancWest Corporation, operates as a holding company for two financial institutions: Bank of the West and First Hawaiian Bank. The Company, through two banks serves approximately 3.39 million households and businesses through over 670 branch banking locations and commercial banking offices in 23 Western and Midwestern states, Guam and Saipan.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.