First Hawaiian (NASDAQ:FHB) PT Lowered to $18.00 at Wells Fargo & Company

First Hawaiian (NASDAQ:FHB) had its price objective decreased by Wells Fargo & Company from $20.00 to $18.00 in a report issued on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the bank’s stock.

Separately, Barclays decreased their target price on First Hawaiian from $25.00 to $24.00 and set an equal weight rating for the company in a report on Monday. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Reduce and a consensus target price of $21.00.

First Hawaiian Stock Down 1.2 %

FHB opened at $20.25 on Tuesday. First Hawaiian has a 52 week low of $17.18 and a 52 week high of $23.22. The business has a fifty day simple moving average of $20.95 and a 200-day simple moving average of $21.40. The firm has a market cap of $2.59 billion, a P/E ratio of 11.64 and a beta of 0.98.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, April 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $205.80 million during the quarter, compared to analyst estimates of $202.41 million. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. Sell-side analysts expect that First Hawaiian will post 1.71 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Friday, May 17th. First Hawaiian’s dividend payout ratio (DPR) is 59.77%.

Institutional Trading of First Hawaiian

A number of institutional investors have recently bought and sold shares of FHB. Global Retirement Partners LLC lifted its holdings in First Hawaiian by 196.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after buying an additional 831 shares during the last quarter. GAMMA Investing LLC purchased a new stake in First Hawaiian during the 4th quarter worth about $37,000. Quent Capital LLC lifted its holdings in First Hawaiian by 86.5% during the 4th quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after buying an additional 816 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings in First Hawaiian by 35,620.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock worth $41,000 after buying an additional 1,781 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in First Hawaiian during the 1st quarter worth about $42,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

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.