First Hawaiian (NASDAQ:FHB) Shares Gap Down – Time to Sell?

First Hawaiian, Inc. (NASDAQ:FHB) shares gapped down prior to trading on Monday . The stock had previously closed at $30.13, but opened at $28.05. First Hawaiian shares last traded at $28.6330, with a volume of 914,037 shares traded.

Key Headlines Impacting First Hawaiian

Here are the key news stories impacting First Hawaiian this week:

• Positive Sentiment: First Hawaiian agreed to buy TriCo Bancshares (NASDAQ: TCBK) in a roughly $2.01 billion all-stock deal, a transaction management says will expand FHB’s mainland footprint, especially in California, and create a stronger Pacific banking franchise. Article Title
• Positive Sentiment: The company also raised its Q2 2026 EPS guidance to $0.60, above the consensus estimate of $0.58, which suggests earnings could come in better than expected when results are reported on July 24. Article Title
• Neutral Sentiment: First Hawaiian confirmed it will report second-quarter 2026 earnings on July 24 and hold a conference call the same day, keeping investors focused on near-term execution and deal details. Article Title
• Negative Sentiment: Investor-rights law firms have started reviewing the merger for fairness, which can add headline risk and may create some uncertainty around deal terms or process. Article Title

Analysts Set New Price Targets

FHB has been the subject of several research analyst reports. Benchmark reissued a “hold” rating on shares of First Hawaiian in a report on Tuesday. Barclays raised their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on First Hawaiian from $27.00 to $31.00 and gave the stock an “underweight” rating in a report on Wednesday, July 1st. Stephens set a $28.00 target price on First Hawaiian in a research note on Monday, April 27th. Finally, Wells Fargo & Company increased their price target on First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $29.25.

First Hawaiian Stock Down 2.1%

The company has a market capitalization of $3.47 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. The business has a fifty day moving average price of $28.04 and a 200 day moving average price of $26.68.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.The business had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. During the same period last year, the company earned $0.47 earnings per share. As a group, equities analysts forecast that First Hawaiian, Inc. will post 2.35 earnings per share for the current year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is currently 45.61%.

Institutional Trading of First Hawaiian

Institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC grew its position in First Hawaiian by 378.5% in the second quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock valued at $27,000 after purchasing an additional 738 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in First Hawaiian during the 4th quarter worth about $26,000. Northwestern Mutual Wealth Management Co. lifted its position in First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after buying an additional 1,050 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after buying an additional 534 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of First Hawaiian in the 4th quarter valued at about $46,000. Institutional investors own 97.63% of the company’s stock.

About First Hawaiian

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.