Analysts Expect First Hawaiian Inc (FHB) to Announce $0.52 EPS

Analysts expect that First Hawaiian Inc (NASDAQ:FHB) will post earnings per share of $0.52 for the current quarter, Zacks reports. Two analysts have provided estimates for First Hawaiian’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.53. First Hawaiian posted earnings of $0.42 per share during the same quarter last year, which would suggest a positive year over year growth rate of 23.8%. The firm is expected to issue its next earnings report on Thursday, January 24th.

According to Zacks, analysts expect that First Hawaiian will report full-year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.04. For the next financial year, analysts forecast that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.09 to $2.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow First Hawaiian.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Thursday, October 25th. The bank reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. First Hawaiian had a net margin of 26.14% and a return on equity of 10.79%. The company had revenue of $188.66 million for the quarter, compared to the consensus estimate of $193.89 million.

FHB has been the topic of several analyst reports. Zacks Investment Research downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Wells Fargo & Co set a $29.00 target price on shares of First Hawaiian and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. BidaskClub raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Finally, Citigroup decreased their target price on shares of First Hawaiian from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, October 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. First Hawaiian has an average rating of “Hold” and an average price target of $31.44.

Shares of NASDAQ FHB opened at $25.50 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. First Hawaiian has a 52 week low of $22.91 and a 52 week high of $32.36. The firm has a market capitalization of $3.42 billion, a P/E ratio of 13.15, a PEG ratio of 1.81 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, November 23rd. First Hawaiian’s payout ratio is currently 58.18%.

In other First Hawaiian news, Director Paribas Bnp sold 20,000,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $28.70, for a total transaction of $574,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of FHB. San Francisco Sentry Investment Group CA increased its position in First Hawaiian by 106.4% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 3,570 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,840 shares during the period. Macquarie Group Ltd. purchased a new position in First Hawaiian during the 2nd quarter valued at $148,000. SG Americas Securities LLC purchased a new position in First Hawaiian during the 2nd quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in First Hawaiian by 64.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,460 shares of the bank’s stock valued at $175,000 after purchasing an additional 2,524 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new position in First Hawaiian during the 1st quarter valued at $215,000. 51.39% of the stock is currently owned by institutional investors and hedge funds.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

Read More: What Factors Can Affect Return on Equity?

Get a free copy of the Zacks research report on First Hawaiian (FHB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply