Stephens Begins Coverage on First Hawaiian (NASDAQ:FHB)

Research analysts at Stephens assumed coverage on shares of First Hawaiian (NASDAQ:FHB) in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $30.00 price target on the bank’s stock. Stephens’ price objective would indicate a potential upside of 8.38% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group lifted their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price target on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.43.

First Hawaiian Trading Down 1.7 %

Shares of NASDAQ FHB opened at $27.68 on Wednesday. The stock has a fifty day simple moving average of $24.84 and a two-hundred day simple moving average of $23.19. First Hawaiian has a 1-year low of $18.77 and a 1-year high of $28.80. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 15.82 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FHB. The Manufacturers Life Insurance Company grew its holdings in shares of First Hawaiian by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after purchasing an additional 122,599 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in First Hawaiian by 7.7% during the second 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. American Century Companies Inc. grew its stake in First Hawaiian by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock worth $69,321,000 after buying an additional 203,407 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of First Hawaiian by 6.1% in the 3rd quarter. Reinhart Partners LLC. now owns 2,461,319 shares of the bank’s stock worth $56,980,000 after buying an additional 141,327 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of First Hawaiian by 7.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,081,270 shares of the bank’s stock valued at $43,207,000 after buying an additional 139,291 shares in the last quarter. 97.63% of the stock is currently 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.