Barclays upgraded First Hawaiian (FHB) to Equal Weight from Underweight with a price target of $28, up from $26. The firm says the “unique” deposit backdrop in Hawaii, combined with tailwinds from fixed-rate asset repricing, could drive the bank’s net interest margin to outperform expectations over the near- to medium-term.
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Read More on FHB:
- First Hawaiian price target raised to $29 from $28 at Keefe Bruyette
- First Hawaiian price target raised to $26 from $25 at Barclays
- Cautious Outlook for First Hawaiian Amid Temporary Growth and Economic Challenges
- First Hawaiian price target raised to $28 from $27 at Piper Sandler
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