First Hawaiian (FHB) Scheduled to Post Quarterly Earnings on Friday

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

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). The firm had revenue of $210.14 million for the quarter, compared to analyst estimates of $201.09 million. First Hawaiian had a return on equity of 9.87% and a net margin of 20.90%. During the same quarter last year, the company earned $0.62 earnings per share. 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

Shares of FHB opened at $20.53 on Friday. The stock has a market capitalization of $2.62 billion, a PE ratio of 11.16 and a beta of 1.01. The company’s 50-day simple moving average is $21.25 and its 200-day simple moving average is $20.60. First Hawaiian has a 1 year low of $15.08 and a 1 year high of $23.22.

First Hawaiian Dividend Announcement

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

Hedge Funds Weigh In On First Hawaiian

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

Analyst Ratings Changes

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

About First Hawaiian

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.