First Hawaiian

FHB · NASDAQ

$25.39+$0.45 (+1.80%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $24.94

FHB analyst rating

HoldConsensus of 9 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold7
Underperform1
Sell1

12-month price target · 10 analysts

Average $30.37 (+19.6% upside)

Low: $26.26
Now: $25.39
High: $35.70

Upgrades and downgrades

The latest rating actions, newest first

FHB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Oct 5, 2026	Maintains	Hold	$31.00 → $28.00	47%
JP Morgan	Oct 1, 2026	Upgrade	Underweight → Neutral	$30.00 → $29.00	50%
Piper Sandler	Oct 1, 2026	Maintains	Neutral	$30.00 → $27.00	68%
Wells Fargo	Sep 30, 2026	Maintains	Underweight	$28.00 → $26.00	25%
TD Cowen	Jul 29, 2026	Maintains	Hold	$32.00 → $31.00	47%
Stephens & Co.	Jul 29, 2026	Maintains	Equal-Weight	$28.00 → $32.00	67%
Piper Sandler	Jul 27, 2026	Maintains	Neutral	$29.00 → $30.00	68%
Piper Sandler	Jul 14, 2026	Maintains	Neutral	$28.00 → $29.00	68%
Benchmark	Jul 9, 2026	Initiates	Hold	—	70%
Barclays	Jul 7, 2026	Maintains	Equal-Weight	$28.00 → $30.00	54%

The case for and against

Updated Jul 25, 2026

Bull case

First Hawaiian is Hawaii's largest bank with a strong track record for excellent credit quality and a focus on deposit growth. Their commercial focus, including a 52% loan book in CRE, and an enviable cost of deposits at 1.20%, should continue to drive growth. With a target of $2-$15 billion in assets for a potential acquisition, First Hawaiian's strong balance sheet and loyal customer base provide an opportunity for potential expansion into the mainland market.

Bear case

First Hawaiian is heavily reliant on the tourism industry and defense spending, both of which are highly susceptible to economic downturns. The company's loan growth has also been challenging in recent years, indicating potential weakness in its loan portfolio. Additionally, lower interest rates could pose a threat to the company's net interest margin.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.