JP Morgan Reiterates Sell Rating on FHB
JP Morgan maintains its sell stance on FHB, setting a $31 price target, a 5.80% upside from the current price.
Key Points
- JP Morgan reiterated its sell rating on FHB with a price target of $31 on July 1, 2026.
- JP Morgan's $31 price target implies 5.80% upside from First Hawaiian, Inc.'s ($FHB) current $29.30 share price.
- FHB shares traded at $29.3 on Wednesday, reflecting ongoing analyst scrutiny.
- Several institutional investors adjusted their FHB holdings, with BlackRock and Kayne Anderson Rudnick reducing their stakes.
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JP Morgan reiterated its sell rating on FHB, setting a price target of $31. This decision was made on July 1, 2026, by analyst Anthony Elian. Shares of FHB traded around $29.3 on Wednesday.
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Other Institutional Activity in FHB
BlackRock, Inc. reduced its holdings in FHB by 256,230 shares, ending with 16,344,795 shares valued at approximately $402.7 million, a 1.5% decrease. Kayne Anderson Rudnick Investment Management LLC also cut its position by 441,600 shares, leaving it with 12,288,961 shares worth about $302.8 million, marking a 3.5% reduction. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 8,617,606 shares valued at $212.3 million. Dimensional Fund Advisors LP increased its stake by 313,362 shares, now holding 6,693,630 shares valued at $164.9 million, a 4.9% rise. State Street Corp added 410,081 shares to its holdings, totaling 6,487,924 shares worth around $159.9 million, a 6.7% increase.
Insider Buying and Selling at First Hawaiian, Inc.
On April 22, 2026, several insiders at FHB bought shares without a set price, each acquiring 2,613 shares. The insiders included Jim Moffatt, Vanessa Washington, Kelly Ann Thompson, Craig Scott Wo, Mark Mugiishi, and Michael Fujimoto.
Analysts Set New Price Targets
On July 1, 2026, JP Morgan maintained its sell rating on FHB with a $31 price target. Previously, on April 28, 2026, TD Cowen maintained a hold rating with a $29 target. Piper Sandler also maintained a hold rating with targets of $28 and $25 on April 27 and April 2, respectively. Wells Fargo kept a sell rating with a $26 target on March 30, 2026.
Bottom Line
JP Morgan's reiterated sell rating on FHB with a $31 target highlights its cautious stance on the stock. While some institutional investors have reduced their stakes, others have taken new positions, indicating varied sentiment. Investors should note that analyst ratings are based on past data and market conditions may have changed.
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