First Hawaiian, Inc. Price & Performance (FHB)

Raymond James Financial acquired over 1.2 million shares of First Hawaiian in Q4, now holding nearly 1% of the company. Other major institutions, including Bank of Montreal and Cerity Partners, also increased their positions, reflecting heightened interest despite analysts' consensus rating of 'Hold' and a reduced price target.123

Wells Fargo recently trimmed its price target for First Hawaiian from $24 to $22, citing sector uncertainty. Despite a steady earnings record and robust dividend yield, the bank's stock carries a consensus 'Reduce' rating among analysts, with several maintaining 'sell' or 'hold' recommendations following the latest reports.345

First Hawaiian shares recently surged 6%, buoyed by expectations of quarterly earnings growth and stable revenue. The market's optimism comes despite a lack of upward revisions in earnings estimates, suggesting investors are betting on positive results in the upcoming financial report, due soon.678