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

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Equities analysts forecast that First Hawaiian Inc (NASDAQ:FHB) will announce $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.8%. The business is scheduled to report its next quarterly earnings results on Thursday, January 24th.

On average, 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 fiscal year, analysts forecast that the business will report earnings of $2.14 per share, with EPS estimates ranging from $2.09 to $2.19. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover First Hawaiian.

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

Several brokerages recently issued reports on FHB. Citigroup cut 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. BidaskClub lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Zacks Investment Research lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. 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. Finally, ValuEngine lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company 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 firm has a market cap of $3.42 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.81 and a beta of 0.74. First Hawaiian has a 12-month low of $22.91 and a 12-month high of $32.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79.

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

In other First Hawaiian news, Director Paribas Bnp sold 20,000,000 shares of the company’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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP purchased a new stake in shares of First Hawaiian in the first quarter valued at about $7,327,000. Millennium Management LLC raised its holdings in shares of First Hawaiian by 206.2% in the first quarter. Millennium Management LLC now owns 403,178 shares of the bank’s stock valued at $11,220,000 after purchasing an additional 271,491 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of First Hawaiian by 127.1% in the first quarter. Legal & General Group Plc now owns 28,400 shares of the bank’s stock valued at $791,000 after purchasing an additional 15,894 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of First Hawaiian in the first quarter valued at about $215,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of First Hawaiian by 60.2% in the second quarter. State of Alaska Department of Revenue now owns 7,530 shares of the bank’s stock valued at $218,000 after purchasing an additional 2,830 shares during the last quarter. Hedge funds and other institutional investors own 51.39% 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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