First Hawaiian Inc (FHB) Shares Up 2.6%

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First Hawaiian Inc (NYSE:FHB)’s share price shot up 2.6% on Friday . The stock traded as high as $27.06 and last traded at $26.82, with a volume of 194,856 shares trading hands. The stock had previously closed at $26.15.
Several brokerages recently weighed in on FHB. Keefe, Bruyette & Woods began coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued a “market perform” rating and a $27.00 price target on the stock. Credit Suisse Group AG began coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued an “outperform” rating and a $29.00 price target on the stock. Citigroup Inc. began coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued a “neutral” rating and a $26.00 price target on the stock. Compass Point began coverage on shares of First Hawaiian in a research report on Thursday, August 11th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of First Hawaiian in a research report on Monday, August 29th. They issued an “overweight” rating and a $28.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.94.
The stock has a market capitalization of $3.70 billion and a PE ratio of 16.46. The company’s 50 day moving average is $25.92 and its 200-day moving average is $25.92.

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In related news, Director Paribas Bnp sold 24,250,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $21.97, for a total transaction of $532,772,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
First Hawaiian Company Profile
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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