First Hawaiian Inc (FHB) Expected to Post Earnings of $0.52 Per Share

Wall Street brokerages predict that First Hawaiian Inc (NASDAQ:FHB) will report earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Hawaiian’s earnings, with estimates ranging from $0.51 to $0.53. First Hawaiian posted earnings per share of $0.49 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The company is scheduled to issue its next earnings results on Thursday, April 25th.

According to Zacks, analysts expect that First Hawaiian will report full year earnings of $2.17 per share for the current year, with EPS estimates ranging from $2.15 to $2.19. For the next year, analysts expect that the company will post earnings of $2.27 per share, with EPS estimates ranging from $2.24 to $2.30. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow First Hawaiian.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Thursday, January 24th. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $177.08 million during the quarter, compared to the consensus estimate of $190.93 million. First Hawaiian had a net margin of 32.05% and a return on equity of 11.55%. During the same quarter in the previous year, the company posted $0.42 earnings per share.



A number of research analysts recently commented on the company. BidaskClub upgraded First Hawaiian from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Compass Point set a $28.00 target price on First Hawaiian and gave the company a “buy” rating in a research note on Friday, January 25th. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, March 5th. Finally, ValuEngine upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.60.

First Hawaiian stock traded down $0.05 during trading hours on Monday, reaching $24.86. 50,456 shares of the company were exchanged, compared to its average volume of 1,289,285. The stock has a market capitalization of $3.36 billion, a P/E ratio of 11.90, a PEG ratio of 3.39 and a beta of 1.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.24. First Hawaiian has a 12 month low of $21.19 and a 12 month high of $31.28.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 25th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.18%. This is an increase from First Hawaiian’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 22nd. First Hawaiian’s dividend payout ratio (DPR) is currently 49.76%.

In other First Hawaiian news, CEO Robert S. Harrison bought 5,000 shares of First Hawaiian stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $25.88 per share, for a total transaction of $129,400.00. Following the purchase, the chief executive officer now owns 80,261 shares of the company’s stock, valued at approximately $2,077,154.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paribas Bnp sold 24,859,750 shares of First Hawaiian stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $26.11, for a total value of $649,088,072.50. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FHB. GAM Holding AG raised its position in First Hawaiian by 3.2% during the fourth quarter. GAM Holding AG now owns 13,112 shares of the bank’s stock valued at $291,000 after purchasing an additional 412 shares in the last quarter. ClariVest Asset Management LLC raised its position in First Hawaiian by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 92,300 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 800 shares in the last quarter. Nordea Investment Management AB raised its position in First Hawaiian by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 92,300 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 800 shares in the last quarter. Enlightenment Research LLC purchased a new position in shares of First Hawaiian in the fourth quarter worth about $27,000. Finally, Strs Ohio increased its holdings in shares of First Hawaiian by 11.5% in the fourth quarter. Strs Ohio now owns 12,630 shares of the bank’s stock worth $284,000 after buying an additional 1,305 shares during the period. Institutional investors own 81.23% of the company’s stock.

About First Hawaiian

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 Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

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