First Hawaiian, Inc. (NASDAQ:FHB) Receives Average Recommendation of “Reduce” from Analysts

Shares of First Hawaiian, Inc. (NASDAQ:FHB) have been assigned an average recommendation of “Reduce” from the ten ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.7143.

FHB has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 16th. Piper Sandler lifted their price objective on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. TD Cowen began coverage on shares of First Hawaiian in a report on Thursday, September 25th. They issued a “hold” rating and a $27.00 price target on the stock. Finally, Zacks Research cut shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 25th.

Insider Buying and Selling

In other First Hawaiian news, insider Alan Arizumi sold 36,460 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total transaction of $924,261.00. Following the completion of the transaction, the insider owned 37,508 shares in the company, valued at $950,827.80. This trade represents a 49.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in First Hawaiian by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 6,158,776 shares of the bank’s stock worth $152,923,000 after purchasing an additional 97,803 shares during the last quarter. State Street Corp increased its holdings in shares of First Hawaiian by 1.3% in the 2nd quarter. State Street Corp now owns 5,883,194 shares of the bank’s stock worth $146,845,000 after buying an additional 77,478 shares during the last quarter. American Century Companies Inc. raised its position in shares of First Hawaiian by 131.9% during the 3rd quarter. American Century Companies Inc. now owns 2,891,661 shares of the bank’s stock valued at $71,800,000 after buying an additional 1,644,752 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of First Hawaiian by 0.7% in the 3rd quarter. Reinhart Partners LLC. now owns 2,360,541 shares of the bank’s stock valued at $58,613,000 after acquiring an additional 17,241 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in First Hawaiian by 230.8% in the third quarter. AQR Capital Management LLC now owns 2,206,361 shares of the bank’s stock worth $54,784,000 after acquiring an additional 1,539,415 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Price Performance

Shares of FHB stock opened at $25.67 on Monday. First Hawaiian has a one year low of $20.32 and a one year high of $28.28. The company’s fifty day moving average price is $25.19 and its 200-day moving average price is $25.04. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.59 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Monday, August 9th. The bank reported $0.44 earnings per share (EPS) for the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.The business had revenue of $129.16 million during the quarter. Equities research analysts expect that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, November 17th. First Hawaiian’s payout ratio is currently 50.73%.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.