First Hawaiian (NASDAQ:FHB) Given New $25.00 Price Target at JPMorgan Chase & Co.

First Hawaiian (NASDAQ:FHB) had its target price lowered by JPMorgan Chase & Co. from $26.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the bank’s stock.

Several other equities analysts also recently weighed in on FHB. Barclays decreased their price target on First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. Piper Sandler raised their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upped their target price on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, First Hawaiian currently has a consensus rating of “Hold” and an average target price of $27.29.

First Hawaiian Price Performance

First Hawaiian stock opened at $23.04 on Thursday. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The firm’s 50 day moving average price is $24.30 and its 200-day moving average price is $25.53. The stock has a market cap of $2.91 billion, a P/E ratio of 12.87, a PEG ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. As a group, equities analysts expect that First Hawaiian will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 4.51%. First Hawaiian’s payout ratio is presently 58.10%.

Institutional Investors Weigh In On First Hawaiian

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its stake in shares of First Hawaiian by 88.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank’s stock worth $351,000 after buying an additional 6,366 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in First Hawaiian during the 4th quarter valued at about $215,000. Norges Bank acquired a new stake in First Hawaiian in the 4th quarter valued at about $36,266,000. Principal Financial Group Inc. raised its holdings in First Hawaiian by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank’s stock valued at $16,082,000 after acquiring an additional 17,515 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in First Hawaiian by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 20,740 shares of the bank’s stock worth $538,000 after purchasing an additional 5,745 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

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.