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

Wall Street analysts expect First Hawaiian Inc (NASDAQ:FHB) to post $0.52 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Hawaiian’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. First Hawaiian reported earnings of $0.49 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is scheduled to issue 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 financial year, analysts forecast that the firm will report earnings of $2.27 per share, with EPS estimates ranging from $2.24 to $2.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow First Hawaiian.

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

Several research analysts have recently commented on FHB shares. Citigroup reduced their target price on First Hawaiian from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, October 29th. BidaskClub raised First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Finally, Compass Point set a $28.00 price target on First Hawaiian and gave the company a “buy” rating in a research note on Friday, January 25th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.00.

In other First Hawaiian news, Director Paribas Bnp sold 24,859,750 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.11, for a total transaction of $649,088,072.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in First Hawaiian by 33.1% in the 3rd quarter. FMR LLC now owns 12,125,148 shares of the bank’s stock valued at $329,319,000 after acquiring an additional 3,016,037 shares during the last quarter. Vanguard Group Inc boosted its holdings in First Hawaiian by 56.4% in the third quarter. Vanguard Group Inc now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares during the period. Vanguard Group Inc. boosted its holdings in First Hawaiian by 56.4% in the third quarter. Vanguard Group Inc. now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of First Hawaiian by 48.9% during the third quarter. JPMorgan Chase & Co. now owns 5,730,041 shares of the bank’s stock valued at $155,628,000 after acquiring an additional 1,882,584 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of First Hawaiian by 18.5% during the third quarter. BlackRock Inc. now owns 5,545,158 shares of the bank’s stock valued at $150,608,000 after acquiring an additional 865,677 shares during the period. Institutional investors and hedge funds own 80.27% of the company’s stock.

FHB stock opened at $26.59 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.17. First Hawaiian has a twelve month low of $21.19 and a twelve month high of $31.28. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 3.62 and a beta of 1.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 25th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.91%. This is a positive change from First Hawaiian’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, February 22nd. First Hawaiian’s dividend payout ratio is 45.93%.

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 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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