Zacks: Brokerages Anticipate First Hawaiian, Inc. (NASDAQ:FHB) to Post $0.45 EPS

Analysts expect First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) to post $0.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for First Hawaiian’s earnings, with estimates ranging from $0.42 to $0.46. First Hawaiian posted earnings of $0.68 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.8%. The firm is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that First Hawaiian will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.88. For the next fiscal year, analysts forecast that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $2.05 to $2.19. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for First Hawaiian.

First Hawaiian (NASDAQ:FHB – Get Rating) last posted its earnings results on Friday, April 22nd. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.44 EPS.

A number of brokerages recently issued reports on FHB. StockNews.com raised First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, April 5th. Compass Point downgraded First Hawaiian from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $32.00 to $29.00 in a research note on Monday, January 24th. Wells Fargo & Company lowered their target price on First Hawaiian from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. Finally, Keefe, Bruyette & Woods cut First Hawaiian from an “outperform” rating to a “market perform” rating and set a $34.00 price objective on the stock. in a report on Sunday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.80.

Shares of NASDAQ FHB opened at $24.46 on Thursday. The stock’s 50-day moving average is $26.69 and its two-hundred day moving average is $27.72. First Hawaiian has a 1-year low of $23.51 and a 1-year high of $31.16. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 11.87 and a beta of 1.13.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, May 20th. First Hawaiian’s dividend payout ratio is currently 50.49%.

Institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY lifted its position in First Hawaiian by 21.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock worth $83,000 after acquiring an additional 564 shares during the last quarter. Deutsche Bank AG lifted its position in First Hawaiian by 1.4% during the 3rd quarter. Deutsche Bank AG now owns 35,796 shares of the bank’s stock worth $1,051,000 after acquiring an additional 477 shares during the last quarter. Barclays PLC lifted its position in First Hawaiian by 8.7% during the 3rd quarter. Barclays PLC now owns 292,396 shares of the bank’s stock worth $8,582,000 after acquiring an additional 23,366 shares during the last quarter. CIBC Asset Management Inc lifted its position in First Hawaiian by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 15,468 shares of the bank’s stock worth $454,000 after acquiring an additional 462 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in First Hawaiian by 21.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 20,732 shares of the bank’s stock worth $608,000 after acquiring an additional 3,602 shares during the last quarter.

First Hawaiian Company Profile (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.

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