First Hawaiian (FHB) Set to Announce Earnings on Friday

First Hawaiian (NASDAQ:FHB) will be announcing its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, January 26th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.08). First Hawaiian had a net margin of 20.90% and a return on equity of 9.87%. The firm had revenue of $210.14 million during the quarter, compared to analysts’ expectations of $201.09 million. During the same quarter in the prior year, the company earned $0.62 EPS. On average, analysts expect First Hawaiian to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Hawaiian Stock Performance

First Hawaiian stock opened at $20.53 on Friday. First Hawaiian has a fifty-two week low of $15.08 and a fifty-two week high of $23.22. The firm’s 50-day simple moving average is $21.25 and its 200 day simple moving average is $20.60. The stock has a market cap of $2.62 billion, a PE ratio of 11.16 and a beta of 1.01.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.26 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.07%. First Hawaiian’s payout ratio is presently 56.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FHB. Norges Bank bought a new position in shares of First Hawaiian during the 4th quarter valued at about $34,342,000. State Street Corp grew its position in First Hawaiian by 19.0% during the second quarter. State Street Corp now owns 6,139,948 shares of the bank’s stock valued at $110,580,000 after acquiring an additional 979,494 shares during the last quarter. Balyasny Asset Management LLC raised its stake in shares of First Hawaiian by 917.9% during the third quarter. Balyasny Asset Management LLC now owns 917,431 shares of the bank’s stock worth $22,596,000 after acquiring an additional 827,297 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of First Hawaiian by 4.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,037,353 shares of the bank’s stock worth $289,591,000 after acquiring an additional 629,893 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of First Hawaiian by 27.8% in the 1st quarter. Northern Trust Corp now owns 1,401,235 shares of the bank’s stock valued at $39,081,000 after purchasing an additional 304,823 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of First Hawaiian to a “sell” rating in a report on Friday, January 19th. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, Barclays initiated coverage on First Hawaiian in a report on Friday, March 8th. They set an “equal weight” rating and a $25.00 price objective for the company. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Based on data from MarketBeat, First Hawaiian has a consensus rating of “Reduce” and a consensus price target of $21.60.

First Hawaiian Company Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.