First Hawaiian (NASDAQ:FHB) Now Covered by Analysts at Stephens

Stephens started coverage on shares of First Hawaiian (NASDAQ:FHB) in a research report released on Wednesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $30.00 target price on the bank’s stock.

Several other equities analysts also recently weighed in on FHB. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price target on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.43.

First Hawaiian Stock Performance

First Hawaiian stock opened at $27.61 on Wednesday. First Hawaiian has a fifty-two week low of $19.43 and a fifty-two week high of $28.80. The company has a market cap of $3.53 billion, a PE ratio of 15.78 and a beta of 0.96. The business’s 50-day simple moving average is $25.06 and its two-hundred day simple moving average is $23.29.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.26 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.77%. First Hawaiian’s dividend payout ratio (DPR) is currently 59.43%.

Institutional Investors Weigh In On First Hawaiian

A number of institutional investors have recently modified their holdings of FHB. Raymond James & Associates grew its stake in First Hawaiian by 5.5% in the 2nd quarter. Raymond James & Associates now owns 1,079,969 shares of the bank’s stock valued at $22,420,000 after acquiring an additional 56,445 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of First Hawaiian by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock valued at $218,025,000 after purchasing an additional 942,634 shares during the period. American Century Companies Inc. increased its stake in shares of First Hawaiian by 6.5% during the second quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after purchasing an additional 203,407 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of First Hawaiian by 100.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank’s stock worth $80,000 after purchasing an additional 1,943 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in First Hawaiian in the 2nd quarter valued at about $462,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Company Profile

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.