First Hawaiian Inc (FHB) Receives $32.75 Consensus PT from Analysts
First Hawaiian Inc (NASDAQ:FHB) has received an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.75.
Several research analysts have commented on the stock. Citigroup reiterated a “neutral” rating and issued a $32.00 target price on shares of First Hawaiian in a report on Wednesday, January 24th. JPMorgan Chase & Co. cut shares of First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 target price for the company. in a report on Friday, January 26th. BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. ValuEngine cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Tuesday, January 9th.
Shares of First Hawaiian (NASDAQ FHB) traded up $0.02 on Friday, hitting $27.42. 289,300 shares of the stock traded hands, compared to its average volume of 381,500. First Hawaiian has a 12 month low of $26.30 and a 12 month high of $32.52. The firm has a market cap of $3,830.00 and a PE ratio of 20.77.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be issued a dividend of $0.24 per share. This is a boost from First Hawaiian’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, February 23rd. First Hawaiian’s dividend payout ratio (DPR) is currently 66.67%.
Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in shares of First Hawaiian during the fourth quarter worth approximately $137,000. Jane Street Group LLC acquired a new stake in First Hawaiian in the third quarter valued at approximately $208,000. Aperio Group LLC acquired a new stake in First Hawaiian in the third quarter valued at approximately $210,000. Koch Industries Inc. acquired a new stake in First Hawaiian in the second quarter valued at approximately $240,000. Finally, Cadence Capital Management LLC acquired a new stake in First Hawaiian in the third quarter valued at approximately $245,000. Institutional investors and hedge funds own 35.53% of the company’s stock.
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About First Hawaiian
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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