First Hawaiian Inc (NYSE:FHB)’s share price reached a new 52-week high 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.

A number of equities analysts have recently weighed in on FHB shares. Compass Point started 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. Deutsche Bank AG began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “hold” rating and a $29.00 target price for the company. Keefe, Bruyette & Woods began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “market perform” rating and a $27.00 target price for the company. Wells Fargo & Co. began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “market perform” rating for the company. Finally, Goldman Sachs Group Inc. began coverage on shares of First Hawaiian in a report on Monday, August 29th. They issued a “neutral” rating and a $27.00 target price for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.94.

The stock has a 50 day moving average of $25.80 and a 200-day moving average of $25.80. The firm has a market capitalization of $3.79 billion and a P/E ratio of 16.86.

In other news, Director Paribas Bnp sold 24,250,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $21.97, for a total transaction of $532,772,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.

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