$0.54 Earnings Per Share Expected for First Hawaiian Inc (FHB) This Quarter

Wall Street brokerages predict that First Hawaiian Inc (NASDAQ:FHB) will announce earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Hawaiian’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.55. First Hawaiian posted earnings per share of $0.50 during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The company is expected to report its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that First Hawaiian will report full-year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.15 to $2.21. For the next financial year, analysts anticipate that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover First Hawaiian.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $145.10 million for the quarter, compared to analysts’ expectations of $146.96 million. First Hawaiian had a return on equity of 11.60% and a net margin of 31.67%. First Hawaiian’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.49 EPS.

FHB has been the topic of a number of analyst reports. BidaskClub raised First Hawaiian from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, March 5th. Finally, ValuEngine cut First Hawaiian from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.25.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. increased its stake in shares of First Hawaiian by 19.2% during the first quarter. American International Group Inc. now owns 2,309 shares of the bank’s stock valued at $60,000 after buying an additional 372 shares during the period. GAM Holding AG boosted its position in shares of First Hawaiian by 3.2% during the fourth quarter. GAM Holding AG now owns 13,112 shares of the bank’s stock valued at $291,000 after purchasing an additional 412 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of First Hawaiian by 21.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock valued at $83,000 after purchasing an additional 564 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of First Hawaiian by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 92,300 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 800 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of First Hawaiian by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 92,300 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 800 shares in the last quarter. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian stock traded down $0.08 during trading hours on Friday, reaching $25.68. The company had a trading volume of 670,132 shares, compared to its average volume of 642,377. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $3.48 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.19. First Hawaiian has a 12-month low of $21.19 and a 12-month high of $31.28.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.04 annualized dividend and a dividend yield of 4.05%. First Hawaiian’s dividend payout ratio (DPR) is presently 49.76%.

First Hawaiian Company Profile

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 in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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