Mixed Feelings From Analysts On First Hawaiian

More than two weeks after First Hawaiian Inc FHB completed its 24.25 million IPO, which was priced at $23.00 a share, various brokerages have shared their mixed opinions toward the bank.

Interestingly, at least seven brokerages have commented on and rated the company. The average price target is $27.80, offering a greater than 5 percent upside from current levels.

Related Link: Goldman Sachs Defines 4 Growth Drivers For First Hawaiian

The rating among the brokerages ranged between Neutral and Overweight, with not a one Sell in sight. Let's look at the rating and price objective given by the eight investment advisors.

• Barclays initiated coverage with an Overweight rating and a price tag of $29.
• Goldman Sachs started with a Neutral rating and a price objective of $27.
• UBS initiated with a Neutral rating with a price target of $28.
• Credit Suisse initiated at an Outperform rating and price tag of $29.
• JPMorgan started with an Overweight rating and a price objective of $28.50.
• Citigroup initiated with a Neutral rating and a price tag of $26.
• Keefe, Bruyette & Woods began coverage with a Market Perform rating and a $27 price target.

At time of writing, the stock traded down by 0.53 percent at $26.44.

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