Piper Sandler lowered the firm’s price target on First Hawaiian (FHB) to $27 from $28 and keeps a Neutral rating on the shares following quarterly results. The firm notes its price target reflects 11.5 times its 2027 EPS, consistent with its historical 1.5-turn premium to peers due to its solid deposit market share / core deposit profile, more conservative credit approach / history, and healthy dividend.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHB: