$0.45 Earnings Per Share Expected for First Hawaiian, Inc. (NASDAQ:FHB) This Quarter

Analysts expect First Hawaiian, Inc. (NASDAQ:FHBGet Rating) to post earnings of $0.45 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for First Hawaiian’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.46. First Hawaiian reported earnings of $0.68 per share during the same quarter last year, which indicates a negative year over year growth rate of 33.8%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that First Hawaiian will report full year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.82 to $1.88. For the next fiscal year, analysts anticipate that the company will report earnings of $2.11 per share, with EPS estimates ranging from $2.05 to $2.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover First Hawaiian.

First Hawaiian (NASDAQ:FHBGet Rating) last posted its quarterly earnings results on Friday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. First Hawaiian had a return on equity of 10.76% and a net margin of 36.22%. During the same quarter in the prior year, the firm earned $0.44 earnings per share.

FHB has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on First Hawaiian from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, April 5th. Compass Point lowered First Hawaiian from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $29.00 in a report on Monday, January 24th. Keefe, Bruyette & Woods lowered First Hawaiian from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a report on Sunday, April 24th. Finally, StockNews.com raised First Hawaiian from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.33.

NASDAQ:FHB opened at $23.61 on Friday. First Hawaiian has a one year low of $23.51 and a one year high of $31.16. The business’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $28.11. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 11.46 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, May 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.40%. First Hawaiian’s dividend payout ratio (DPR) is presently 50.49%.

Several large investors have recently made changes to their positions in the company. CI Investments Inc. increased its position in First Hawaiian by 10.2% during the third quarter. CI Investments Inc. now owns 3,788 shares of the bank’s stock worth $111,000 after buying an additional 350 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of First Hawaiian by 0.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 61,176 shares of the bank’s stock worth $1,672,000 after buying an additional 367 shares in the last quarter. US Bancorp DE increased its holdings in shares of First Hawaiian by 14.7% in the third quarter. US Bancorp DE now owns 3,113 shares of the bank’s stock valued at $91,000 after purchasing an additional 399 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of First Hawaiian by 0.6% in the first quarter. Vestmark Advisory Solutions Inc. now owns 75,427 shares of the bank’s stock valued at $2,104,000 after purchasing an additional 427 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of First Hawaiian by 27.2% in the fourth quarter. Huntington National Bank now owns 2,060 shares of the bank’s stock valued at $56,000 after purchasing an additional 440 shares in the last quarter.

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.

Further Reading

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Earnings History and Estimates for First Hawaiian (NASDAQ:FHB)

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