First Hawaiian (NASDAQ:FHB) Price Target Raised to $25.50

First Hawaiian (NASDAQ:FHB) had its target price lifted by JPMorgan Chase & Co. from $25.00 to $25.50 in a research note released on Tuesday,Benzinga reports. They currently have an underweight rating on the bank’s stock.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price target on shares of First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays reduced their price objective on First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.36.

First Hawaiian Price Performance

Shares of FHB opened at $26.44 on Tuesday. The firm’s 50 day moving average is $23.92 and its 200-day moving average is $24.80. First Hawaiian has a 12-month low of $20.28 and a 12-month high of $28.80. The stock has a market capitalization of $3.32 billion, a P/E ratio of 14.37, a P/E/G ratio of 4.70 and a beta of 0.83.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $211.00 million during the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. First Hawaiian’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. As a group, equities research analysts forecast that First Hawaiian will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Monday, May 19th. First Hawaiian’s dividend payout ratio is presently 56.52%.

Hedge Funds Weigh In On First Hawaiian

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in shares of First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank’s stock valued at $103,000 after purchasing an additional 2,934 shares during the period. Jones Financial Companies Lllp acquired a new position in First Hawaiian in the 4th quarter valued at $36,000. Steward Partners Investment Advisory LLC raised its holdings in First Hawaiian by 88.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank’s stock worth $351,000 after acquiring an additional 6,366 shares during the period. Charles Schwab Investment Management Inc. lifted its position in First Hawaiian by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank’s stock worth $43,361,000 after acquiring an additional 9,775 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in First Hawaiian by 12.2% during the fourth quarter. Atria Investments Inc now owns 40,141 shares of the bank’s stock valued at $1,042,000 after acquiring an additional 4,372 shares during the period. 97.63% of the stock is currently owned by institutional investors.

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.