Equities analysts predict that First Hawaiian Inc (NYSE:FHB) will announce earnings per share (EPS) of $0.40 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Hawaiian’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.41. First Hawaiian reported earnings per share of $0.39 in the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is expected to report its next earnings report on Friday, September 8th.
According to Zacks, analysts expect that First Hawaiian will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.62 to $1.67. For the next fiscal year, analysts anticipate that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.75 to $1.82. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for First Hawaiian.
First Hawaiian (NYSE:FHB) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $129.30 million for the quarter, compared to the consensus estimate of $138.54 million. During the same period last year, the company posted $0.47 earnings per share. First Hawaiian’s revenue for the quarter was up 10.2% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Barclays PLC set a $35.00 price objective on shares of First Hawaiian and gave the company a “buy” rating in a research report on Sunday, April 9th. Citigroup Inc. cut their price objective on shares of First Hawaiian from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, April 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price objective on shares of First Hawaiian in a research report on Friday, May 12th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. First Hawaiian presently has a consensus rating of “Hold” and a consensus price target of $30.15.
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Shares of First Hawaiian (NYSE FHB) traded up 0.16% during trading on Monday, reaching $30.61. The company’s stock had a trading volume of 1,275,735 shares. First Hawaiian has a one year low of $24.25 and a one year high of $35.47. The company has a market capitalization of $4.27 billion and a price-to-earnings ratio of 19.29. The firm’s 50-day moving average price is $29.05 and its 200-day moving average price is $31.13.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 30th were paid a $0.22 dividend. The ex-dividend date was Thursday, May 25th. This represents a $0.88 annualized dividend and a yield of 2.87%. This is a boost from First Hawaiian’s previous quarterly dividend of $0.20.
A number of hedge funds have recently made changes to their positions in FHB. Vanguard Group Inc. boosted its stake in shares of First Hawaiian by 149.2% in the first quarter. Vanguard Group Inc. now owns 3,908,897 shares of the bank’s stock valued at $116,954,000 after buying an additional 2,340,324 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of First Hawaiian by 459.1% in the first quarter. Wellington Management Group LLP now owns 3,546,109 shares of the bank’s stock valued at $106,100,000 after buying an additional 2,911,800 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Hawaiian by 49.1% in the first quarter. JPMorgan Chase & Co. now owns 3,050,091 shares of the bank’s stock valued at $91,258,000 after buying an additional 1,004,303 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of First Hawaiian by 212.8% in the first quarter. Neuberger Berman Group LLC now owns 2,931,859 shares of the bank’s stock valued at $87,721,000 after buying an additional 1,994,659 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of First Hawaiian by 32.5% in the first quarter. Victory Capital Management Inc. now owns 1,943,201 shares of the bank’s stock valued at $58,141,000 after buying an additional 477,092 shares during the last quarter.
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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