First Hawaiian stock price target raised to $29 from $28 at KBW

Investing.com - Keefe, Bruyette & Woods raised its price target on First Hawaiian (NASDAQ:FHB) to $29.00 from $28.00 on Tuesday, while maintaining a Market Perform rating on the stock.

The investment firm cited First Hawaiian’s "very solid quarter" in its decision, noting the bank demonstrated strong expense discipline, improved margin performance, and pristine asset quality. The bank has maintained consistent dividend payments for 10 consecutive years, showcasing its financial stability. According to InvestingPro, three analysts have recently revised their earnings estimates upward for the upcoming period.

KBW acknowledged that First Hawaiian shares have outperformed by 400 basis points since reporting quarterly results, reflecting positive investor sentiment toward the bank’s financial performance.

The firm noted that while loan growth was impacted by higher payoffs and lower utilization, First Hawaiian maintains a strong pipeline going into year-end, which should enable loans to end the year flat.

KBW believes the stock’s current premium valuation (trading at 11.1x compared to the KRX index at 9.7x) is deserved, though it maintained its neutral Market Perform rating while suggesting stronger growth could drive further upside and outperformance. InvestingPro’s Fair Value analysis suggests the stock is slightly undervalued, with a Financial Health Score of FAIR based on comprehensive metrics including profitability, growth, and cash flow indicators.

In other recent news, First Hawaiian Inc. reported its third-quarter earnings for 2025, surpassing analysts’ expectations with an earnings per share of $0.59, compared to the forecasted $0.52. The company’s revenue also exceeded projections, reaching $226.39 million against the anticipated $218.4 million. This represents a 13.46% positive surprise in earnings per share and a 3.66% surprise in revenue. These results highlight a strong financial performance for the quarter. While analysts had anticipated lower figures, First Hawaiian Inc. managed to outperform these estimates. The earnings and revenue results are crucial for investors as they provide insight into the company’s financial health. No recent mergers or acquisitions were reported. Analyst upgrades or downgrades have not been mentioned in the recent updates.

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