First Hawaiian Inc (NYSE:FHB) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.94.
A number of equities analysts recently commented on FHB shares. Compass Point assumed coverage on shares of First Hawaiian in a research note on Thursday, August 11th. They issued a “buy” rating and a $29.00 price objective for the company. Citigroup Inc. assumed coverage on shares of First Hawaiian in a research note on Monday, August 29th. They set a “neutral” rating and a $26.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of First Hawaiian in a research note on Monday, August 29th. They set an “overweight” rating and a $28.50 target price for the company. Bank of America Corp. assumed coverage on shares of First Hawaiian in a research note on Monday, August 29th. They set a “neutral” rating and a $27.00 target price for the company. Finally, Barclays PLC reissued a “buy” rating and set a $29.00 target price on shares of First Hawaiian in a research note on Friday, September 16th.
In related news, Director Paribas Bnp sold 24,250,000 shares of First Hawaiian stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $21.97, for a total value of $532,772,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of First Hawaiian (NYSE:FHB) opened at 26.82 on Monday. The stock’s 50 day moving average price is $26.57 and its 200 day moving average price is $26.25. First Hawaiian has a 52 week low of $24.25 and a 52 week high of $27.97. The firm has a market capitalization of $3.74 billion and a P/E ratio of 16.63.
About First Hawaiian
First Hawaiian Inc, formerly BancWest Corporation, operates as a holding company for two financial institutions: Bank of the West and First Hawaiian Bank. The Company, through two banks serves approximately 3.39 million households and businesses through over 670 branch banking locations and commercial banking offices in 23 Western and Midwestern states, Guam and Saipan.
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