First Hawaiian (NASDAQ:FHB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

First Hawaiian (NASDAQ:FHBGet Rating) announced its quarterly earnings data on Friday. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03, MarketWatch Earnings reports. First Hawaiian had a return on equity of 10.36% and a net margin of 36.19%. During the same quarter in the previous year, the firm earned $0.44 EPS.

Shares of NASDAQ FHB traded down $1.05 during trading hours on Friday, reaching $26.44. The stock had a trading volume of 18,008 shares, compared to its average volume of 622,986. The business’s fifty day moving average is $28.25 and its two-hundred day moving average is $28.32. First Hawaiian has a twelve month low of $24.75 and a twelve month high of $31.16. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 13.41 and a beta of 1.09.

Several hedge funds have recently made changes to their positions in FHB. Metropolitan Life Insurance Co NY acquired a new position in First Hawaiian in the fourth quarter valued at about $70,000. Squarepoint Ops LLC acquired a new stake in First Hawaiian in the 4th quarter valued at approximately $258,000. LPL Financial LLC raised its position in First Hawaiian by 23.6% in the 4th quarter. LPL Financial LLC now owns 11,092 shares of the bank’s stock valued at $303,000 after buying an additional 2,119 shares during the last quarter. Citadel Advisors LLC grew its stake in First Hawaiian by 323.2% in the fourth quarter. Citadel Advisors LLC now owns 25,814 shares of the bank’s stock valued at $706,000 after purchasing an additional 19,714 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in First Hawaiian by 8.7% in the third quarter. Royal Bank of Canada now owns 27,208 shares of the bank’s stock valued at $798,000 after purchasing an additional 2,182 shares in the last quarter.

Several brokerages have recently issued reports on FHB. Zacks Investment Research raised shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, April 5th. Compass Point cut shares of First Hawaiian from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $29.00 in a research report on Monday, January 24th. StockNews.com upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on First Hawaiian from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Monday, March 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

About First Hawaiian (Get Rating)

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

See Also

Earnings History for First Hawaiian (NASDAQ:FHB)

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