Barclays raised the firm’s price target on First Hawaiian (FHB) to $28 from $27 and keeps an Equal Weight rating on the shares. The firm is optimistic on the positioning of U.S. mid cap banks into 2025. The industry is poised for tailwinds with growth, net interest margin, efficiency and regulation, the analyst tells investors in a research note. Additionally, credit performance has been better than feared a year ago, with banks building reserves and limiting losses, adds Barclays. With a “supportive macro backdrop” for growth and mergers, along with optimism around net interest margin, Barclays is “bullish on the group into 2025.”
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Read More on FHB:
- First Hawaiian price target raised to $27 from $25 at JPMorgan
- First Hawaiian Restructures Portfolio to Boost Income
- First Hawaiian completes investment portfolio restructuring
- First Hawaiian price target raised to $27 from $25 at Barclays
- First Hawaiian price target raised to $22 from $21 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
