$0.52 EPS Expected for First Hawaiian Inc (FHB) This Quarter

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Brokerages expect First Hawaiian Inc (NASDAQ:FHB) to announce earnings of $0.52 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Hawaiian’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.52. First Hawaiian posted earnings per share of $0.42 in the same quarter last year, which would indicate a positive year over year growth rate of 23.8%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that First Hawaiian will report full-year earnings of $2.03 per share for the current year, with EPS estimates ranging from $2.02 to $2.04. For the next fiscal year, analysts anticipate that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.16 to $2.24. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for First Hawaiian.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Thursday, July 26th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $141.40 million during the quarter, compared to the consensus estimate of $140.18 million. First Hawaiian had a net margin of 25.59% and a return on equity of 10.13%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS.

A number of research firms recently weighed in on FHB. Zacks Investment Research raised shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, September 26th. BidaskClub raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. ValuEngine cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Finally, Wells Fargo & Co set a $29.00 price objective on shares of First Hawaiian and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.11.

In other First Hawaiian news, Director Paribas Bnp sold 20,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $27.75, for a total value of $555,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. San Francisco Sentry Investment Group CA boosted its position in First Hawaiian by 106.4% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 3,570 shares of the bank’s stock valued at $104,000 after buying an additional 1,840 shares during the period. Quantbot Technologies LP purchased a new position in First Hawaiian in the 1st quarter valued at approximately $120,000. Macquarie Group Ltd. purchased a new position in First Hawaiian in the 2nd quarter valued at approximately $148,000. SG Americas Securities LLC purchased a new position in First Hawaiian in the 2nd quarter valued at approximately $175,000. Finally, State of Alaska Department of Revenue boosted its position in First Hawaiian by 60.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,530 shares of the bank’s stock valued at $218,000 after buying an additional 2,830 shares during the period. 50.68% of the stock is owned by institutional investors.

Shares of NASDAQ FHB traded down $0.20 during midday trading on Friday, reaching $25.53. 2,224,192 shares of the stock were exchanged, compared to its average volume of 901,003. The company has a market capitalization of $3.66 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. First Hawaiian has a twelve month low of $24.77 and a twelve month high of $32.36.

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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