Today's Trend
First Hawaiian, Inc. (NASDAQ: FHB) is receiving mixed analyst signals. The stock has recently increased, but the overall tone remains cautious because several firms reduced their price targets and one maintained a bearish rating.
- JPMorgan upgraded FHB to Neutral from Underweight, indicating a less-bearish view. However, its price target was reduced to $29 from $30, suggesting the upgrade reflects improved relative expectations rather than stronger valuation prospects. JPMorgan upgrades First Hawaiian to Neutral from Underweight
- A Zacks screen identified First Hawaiian as a bank stock with a dividend yield above 4%. The company’s income appeal, strategic initiatives and balance-sheet management could support investor interest, particularly among yield-focused shareholders. Three bank stocks worth buying with attractive dividend yields
- Piper Sandler maintained a Neutral rating but lowered its price target to $27 from $30. The revised target still implies potential upside from the referenced $24.90 price, but the cut signals more limited expectations.
- Wells Fargo cut its price target to $26 from $28 and retained an Underweight rating. The target implies only modest upside and reinforces concerns about FHB’s near-term performance relative to peers.
- Sell-side analysts have rated First Hawaiian shares “Reduce,” adding to the cautious analyst backdrop. First Hawaiian stock rated Reduce by sell-side analysts
Overall, the stock’s support comes from its high dividend yield and JPMorgan’s removal of the Underweight rating. Those positives are offset by multiple price-target reductions and continued concerns from bearish analysts.