Zacks: Analysts Anticipate First Hawaiian Inc (FHB) Will Post Earnings of $0.42 Per Share
Brokerages expect First Hawaiian Inc (NYSE:FHB) to announce $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Hawaiian’s earnings, with estimates ranging from $0.41 to $0.42. First Hawaiian reported earnings of $0.38 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The business is expected to report its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that First Hawaiian will report full-year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.66. For the next fiscal year, analysts forecast that the firm will post earnings of $1.74 per share, with EPS estimates ranging from $1.72 to $1.76. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for First Hawaiian.
First Hawaiian (NYSE:FHB) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The business had revenue of $131.30 million for the quarter, compared to analyst estimates of $134.58 million. The firm’s revenue was up 1.5% on a year-over-year basis.
A number of research firms recently issued reports on FHB. Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, July 4th. UBS AG reiterated a “neutral” rating and set a $29.00 target price (down previously from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. BidaskClub upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $34.00 target price (down previously from $37.00) on shares of First Hawaiian in a research report on Thursday, June 22nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.83.
Shares of First Hawaiian (NYSE:FHB) traded up 0.56% during midday trading on Friday, hitting $28.97. 180,642 shares of the company were exchanged. The firm has a market capitalization of $4.04 billion and a price-to-earnings ratio of 18.22. The firm’s 50 day moving average price is $28.21 and its 200 day moving average price is $28.21. First Hawaiian has a one year low of $25.80 and a one year high of $35.47.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, August 24th. This represents a $0.88 annualized dividend and a yield of 3.04%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FHB. Pacer Advisors Inc. raised its holdings in First Hawaiian by 11.8% during the second quarter. Pacer Advisors Inc. now owns 3,546 shares of the bank’s stock worth $109,000 after buying an additional 374 shares during the last quarter. US Bancorp DE bought a new stake in shares of First Hawaiian in the 2nd quarter worth $118,000. UBS Group AG grew its stake in shares of First Hawaiian by 308.6% in the 1st quarter. UBS Group AG now owns 4,086 shares of the bank’s stock worth $122,000 after acquiring an additional 3,086 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in shares of First Hawaiian in the 1st quarter worth $129,000. Finally, Great West Life Assurance Co. Can grew its stake in shares of First Hawaiian by 90.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 5,900 shares of the bank’s stock worth $176,000 after acquiring an additional 2,800 shares in the last quarter.
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About First Hawaiian
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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