First Hawaiian (NASDAQ:FHB) Price Target Raised to $28.00

First Hawaiian (NASDAQ:FHB) had its target price lifted by investment analysts at Barclays from $27.00 to $28.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective suggests a potential upside of 9.89% from the stock’s previous close.

A number of other brokerages also recently issued reports on FHB. JPMorgan Chase & Co. lifted their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the stock an “underweight” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 3rd. 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 target on the stock. The Goldman Sachs Group upped their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report 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’s stock. According to data from MarketBeat, First Hawaiian currently has an average rating of “Hold” and an average target price of $26.86.

First Hawaiian Stock Performance

Shares of FHB opened at $25.48 on Thursday. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The stock has a market capitalization of $3.26 billion, a PE ratio of 14.56 and a beta of 0.98. The stock has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $23.89.

Institutional Investors Weigh In On First Hawaiian

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings 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 buying an additional 942,634 shares during the last quarter. AQR Capital Management LLC raised 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 valued at $9,043,000 after acquiring an additional 397,897 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 370,722 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of 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. grew its stake in shares of First Hawaiian by 6.5% in 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 last quarter. 97.63% of the stock is 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.