First Hawaiian (NASDAQ:FHB) Price Target Raised to $21.00

First Hawaiian (NASDAQ:FHB) had its target price lifted by Wells Fargo & Company from $20.00 to $21.00 in a research report report published on Monday, Benzinga reports. The firm currently has an underweight rating on the bank’s stock.

Several other research analysts also recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of First Hawaiian from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. cut their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Piper Sandler raised their target price on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Barclays raised their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $24.33.

First Hawaiian Stock Up 0.5 %

FHB stock opened at $25.14 on Monday. First Hawaiian has a 52 week low of $17.71 and a 52 week high of $26.18. The company has a fifty day simple moving average of $23.61 and a two-hundred day simple moving average of $22.46. The firm has a market capitalization of $3.21 billion, a P/E ratio of 14.45 and a beta of 0.98.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is 59.77%.

Institutional Investors Weigh In On First Hawaiian

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in First Hawaiian by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,502,160 shares of the bank’s stock worth $218,025,000 after purchasing an additional 942,634 shares during the last quarter. AQR Capital Management LLC boosted its stake in First Hawaiian by 958.2% during the 2nd quarter. AQR Capital Management LLC now owns 439,423 shares of the bank’s stock worth $9,043,000 after purchasing an additional 397,897 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in First Hawaiian by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,205,140 shares of the bank’s stock worth $108,057,000 after purchasing an additional 370,722 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in First Hawaiian by 96.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $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 worth $69,321,000 after purchasing an additional 203,407 shares during the last quarter. Hedge funds and other 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.