Analysts Expect First Hawaiian Inc (FHB) Will Post Earnings of $0.52 Per Share

Analysts expect that First Hawaiian Inc (NASDAQ:FHB) will report earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Hawaiian’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.53. First Hawaiian reported earnings of $0.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The firm is scheduled to announce its next earnings results on Thursday, April 25th.

On average, analysts expect that First Hawaiian will report full-year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.19. For the next fiscal year, analysts forecast that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.24 to $2.30. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow First Hawaiian.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06. First Hawaiian had a net margin of 32.05% and a return on equity of 11.62%. The company had revenue of $177.08 million for the quarter, compared to the consensus estimate of $190.93 million. During the same period in the prior year, the firm posted $0.42 EPS.

Several brokerages have recently issued reports on FHB. BidaskClub upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Compass Point set a $28.00 target price on shares of First Hawaiian and gave the company a “buy” rating in a report on Friday, January 25th. Finally, Citigroup lowered their target price on shares of First Hawaiian from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, October 29th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. First Hawaiian has a consensus rating of “Buy” and a consensus target price of $30.00.

Shares of NASDAQ:FHB traded up $0.21 during trading hours on Friday, reaching $27.19. The stock had a trading volume of 65,619 shares, compared to its average volume of 1,639,090. First Hawaiian has a 1 year low of $21.19 and a 1 year high of $31.28. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.59 billion, a PE ratio of 13.01, a P/E/G ratio of 3.62 and a beta of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Monday, February 25th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 3.82%. This is a boost from First Hawaiian’s previous quarterly dividend of $0.24. First Hawaiian’s dividend payout ratio is currently 45.93%.

In related news, Director Paribas Bnp sold 24,859,750 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $26.11, for a total transaction of $649,088,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of First Hawaiian by 72.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,285,731 shares of the bank’s stock worth $28,940,000 after acquiring an additional 539,621 shares during the period. United Services Automobile Association lifted its stake in shares of First Hawaiian by 6.6% in the 4th quarter. United Services Automobile Association now owns 100,384 shares of the bank’s stock worth $2,260,000 after acquiring an additional 6,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of First Hawaiian in the 4th quarter worth $1,316,000. Great West Life Assurance Co. Can lifted its holdings in First Hawaiian by 119.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 14,111 shares of the bank’s stock worth $305,000 after purchasing an additional 7,684 shares during the period. Finally, HAP Trading LLC bought a new stake in First Hawaiian in the fourth quarter worth about $892,000. Hedge funds and other institutional investors own 80.27% of the company’s stock.

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.

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