JPMorgan Chase & Co. Increases First Hawaiian (NASDAQ:FHB) Price Target to $27.00

First Hawaiian (NASDAQ:FHB) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $25.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 7.19% from the stock’s current price.

A number of other research firms also recently weighed in on FHB. Keefe, Bruyette & Woods increased their target price on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price 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. Barclays upped their price target 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. Finally, Stephens began coverage on First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.71.

First Hawaiian Trading Down 5.7 %

Shares of FHB opened at $25.19 on Tuesday. The stock’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $23.84. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80. The company has a market capitalization of $3.22 billion, a PE ratio of 14.39 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FHB. Whittier Trust Co. grew its stake in First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after acquiring an additional 507 shares during the period. Blue Trust Inc. grew its position in First Hawaiian by 51.5% in the 3rd quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in First Hawaiian in the 3rd quarter valued at $51,000. Abich Financial Wealth Management LLC increased its stake in First Hawaiian by 32.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,628 shares of the bank’s stock valued at $55,000 after purchasing an additional 644 shares in the last quarter. Finally, Quarry LP raised its holdings in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after buying an additional 2,039 shares during the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

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.