Analysts Expect First Hawaiian Inc (FHB) Will Announce Earnings of $0.53 Per Share

Wall Street analysts predict that First Hawaiian Inc (NASDAQ:FHB) will post earnings per share of $0.53 for the current quarter, Zacks reports. Two analysts have made estimates for First Hawaiian’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.52. First Hawaiian reported earnings per share of $0.49 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The company is expected to issue its next earnings report after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that First Hawaiian will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.23. For the next financial year, analysts forecast that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for First Hawaiian.

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

A number of brokerages have commented on FHB. Zacks Investment Research cut First Hawaiian from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. BidaskClub upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Compass Point set a $28.00 price objective on First Hawaiian and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, ValuEngine upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.60.

Shares of NASDAQ FHB traded up $0.08 during midday trading on Wednesday, hitting $27.16. The company’s stock had a trading volume of 349,258 shares, compared to its average volume of 1,264,282. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82. First Hawaiian has a 12-month low of $21.19 and a 12-month high of $31.28. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 3.58 and a beta of 1.15.

In other First Hawaiian news, Director Paribas Bnp sold 24,859,750 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.11, for a total value of $649,088,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert S. Harrison bought 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $25.88 per share, with a total value of $129,400.00. Following the completion of the acquisition, the chief executive officer now owns 80,261 shares of the company’s stock, valued at approximately $2,077,154.68. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of First Hawaiian by 48.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,730,041 shares of the bank’s stock worth $155,628,000 after purchasing an additional 1,882,584 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of First Hawaiian by 47.6% during the 3rd quarter. Alliancebernstein L.P. now owns 44,774 shares of the bank’s stock worth $1,216,000 after purchasing an additional 14,434 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of First Hawaiian by 27.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 565,158 shares of the bank’s stock worth $15,349,000 after purchasing an additional 121,470 shares in the last quarter. BlackRock Inc. increased its stake in shares of First Hawaiian by 18.5% during the 3rd quarter. BlackRock Inc. now owns 5,545,158 shares of the bank’s stock worth $150,608,000 after purchasing an additional 865,677 shares in the last quarter. Finally, Credit Suisse AG increased its stake in shares of First Hawaiian by 84.8% during the 3rd quarter. Credit Suisse AG now owns 77,650 shares of the bank’s stock worth $2,109,000 after purchasing an additional 35,633 shares in the last quarter. 81.50% of the stock is owned by institutional investors.

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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