$FHB

FHB Maintained by TD Cowen -- Price Target Lowered to $28.00

TD Cowen maintained a 'Hold' rating on First Hawaiian (FHB) but lowered its price target to $28.00 from $31.00. The bank, with a market cap of $3.05B, is considered undervalued by 10.5% according to GuruFocus. FHB has a GF Score of 89/100, indicating strong performance, but moderate financial strength.

Original reporting
Published Oct 5, 2026, 3:06 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 5, 2026, 3:23 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefFinancial news
Primary signal
$FHB
Bearish
medium confidence
Mentioned
$FHB
Relevance
5/10
AlphAI data visualization · based on gurufocus.com
Decision brief

The 30-second read

$FHBBearishMed
01

Why it matters

Analyst price‑target reduction signals a modestly bearish short‑term outlook but does not reflect any new operational issue.

02

Market read

The downgrade provides a small trading signal for investors in FHB and may influence nearby regional banks.

03

What to watch

Recent deposit growth and low loan‑to‑deposit ratio could mitigate downside risk.

Relevance 5/10Novelty 5/10Timing: today

Background

First Hawaiian is a $3 billion market‑cap bank holding company operating in Hawaii, Guam and Saipan.

Company-level read

Ticker impact

$FHBBearishMedium confidence
Context

TD Cowen lowered its price target for First Hawaiian (FHB) to $28 from $31, indicating a more cautious outlook.

Expected impact

potential modest downside as investors price in the lower target

Evidence & confidence

Target cut of ~10% suggests reduced upside; no new fundamental change, just revised expectations.

Market effects

May slightly weigh on regional banking peers as analysts reassess valuation multiples.

Limited to Hawaii‑focused financial stocks; broader US market unlikely to be affected.

Low

Counterpoint

The target cut could be overly cautious; the bank's strong balance sheet may support upside.

Key entities

  • TD Cowen

    Maintained Hold rating and lowered price target for FHB.

  • First Hawaiian (FHB)

    Bank holding company subject of the rating change.

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JPMorgan upgrades First Hawaiian stock rating on rate outlook

JPMorgan upgraded First Hawaiian (FHB) to Neutral, lowering its price target to $29.00. The bank's floating-rate loans and low deposit costs position it well in a higher rate environment. First Hawaiian reported better-than-expected Q2 2026 earnings and revenue, with improved net interest income and margin. The bank expects 3-4% loan growth and is progressing with merger plans with TriCo Bancshares.

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Hawaii Lenders CPF and FHB Post Solid Q2 as Margins Widen, But Deposit Pressures Linger — BigGo Finance

Central Pacific Financial Corp (CPF) reported Q2 net income of $20.8M, up 19% year over year, with net interest margin rising 4 bps to 3.57%. First Hawaiian Inc (FHB) posted ROA of 1.28% and ROTCE of 16.34% for the quarter ended June 30, 2026, with NIM up 6 bps to 3.25%. Deposits were mixed, with FHB deposits down $623M. Both cited manageable credit quality and cautious outlook.

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FHB Q2 FY2026 earnings call — BigGo Finance

First Hawaiian, Inc. (FHB) reported Q2 FY2026 results: net interest income $171M and net interest margin 3.25% (up 6 bps). Loans rose $137M (3.6% annualized) while deposits fell $623M due to public deposit outflows. Credit quality improved. FHB reiterated 2026 loan growth 3%-4% and raised NIM guidance to 3.24%-3.25%, citing one late-2026 rate hike. It also announced a planned merger with TriCo Bancshares, with $4.2M Q2 integration costs and no near-term buybacks.

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Earnings call transcript: First Hawaiian Bank tops Q2 2026 estimates as margin improves By Investing.com

First Hawaiian Bank reported Q2 2026 EPS of $0.60, above the $0.5832 estimate, and revenue of $231.27 million versus $227.76 million. Results were supported by higher net interest income ($171 million) and a wider net interest margin to 3.25%. Management raised full-year NIM guidance to 3.24% to 3.25% and reiterated the TriCo Bancshares merger plan.

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First Hawaiian Bank (NASDAQ:FHB) Posts Better

First Hawaiian Bank (NASDAQ:FHB) reported Q2 CY2026 results. Revenue rose 6.3% year on year to $231.3 million, exceeding Wall Street estimates by 1.7%, and GAAP profit was $0.60 per share, 2.8% above consensus. The article also cites tangible book value per share rising from $12.16 to $15.04 over two years and a post-earnings stock drop of 1.5% to $28.21.