First Hawaiian (NASDAQ:FHB) Price Target Raised to $27.00

First Hawaiian (NASDAQ:FHB) had its price objective boosted by JPMorgan Chase & Co. from $25.00 to $27.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the bank’s stock.

A number of other equities research analysts also recently commented on FHB. Barclays raised their price objective on shares of First Hawaiian from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their target price on First Hawaiian from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on shares of First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Stephens started coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.86.

First Hawaiian Price Performance

NASDAQ:FHB opened at $25.20 on Tuesday. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80. The firm has a market capitalization of $3.22 billion, a PE ratio of 14.40 and a beta of 0.98. The business’s fifty day moving average price is $26.21 and its 200 day moving average price is $23.85.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Monday, November 18th. First Hawaiian’s dividend payout ratio is presently 59.43%.

Hedge Funds Weigh In On First Hawaiian

A number of large investors have recently bought and sold shares of FHB. The Manufacturers Life Insurance Company lifted its stake in 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 buying an additional 942,634 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of First Hawaiian by 958.2% in the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after acquiring an additional 397,897 shares during the period. Dimensional Fund Advisors LP lifted its position in First Hawaiian by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock valued at $108,057,000 after purchasing an additional 370,722 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in First Hawaiian by 96.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock valued at $11,072,000 after purchasing an additional 235,253 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in First Hawaiian by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock valued at $69,321,000 after purchasing an additional 203,407 shares during the period. Institutional investors own 97.63% of the company’s stock.

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.