First Hawaiian Inc (FHB) Expected to Post Earnings of $0.47 Per Share

Analysts expect that First Hawaiian Inc (NASDAQ:FHB) will announce earnings per share of $0.47 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Hawaiian’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.46. First Hawaiian posted earnings per share of $0.41 during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that First Hawaiian will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.93 to $2.00. For the next fiscal year, analysts expect that the company will report earnings of $2.08 per share, with EPS estimates ranging from $2.02 to $2.15. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow First Hawaiian.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. First Hawaiian had a return on equity of 9.09% and a net margin of 23.80%. The firm had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.40 million. During the same period in the previous year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year.

Several research analysts have weighed in on FHB shares. BidaskClub upgraded First Hawaiian from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. UBS Group boosted their price target on First Hawaiian from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine upgraded First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price target on shares of First Hawaiian in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. First Hawaiian presently has an average rating of “Hold” and a consensus target price of $32.75.

Shares of First Hawaiian (NASDAQ FHB) traded up $0.20 during trading on Thursday, hitting $28.35. The company had a trading volume of 372,700 shares, compared to its average volume of 372,713. First Hawaiian has a 1 year low of $26.30 and a 1 year high of $32.40. The firm has a market cap of $3,929.43, a P/E ratio of 21.48, a P/E/G ratio of 2.05 and a beta of 0.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 23rd. This is an increase from First Hawaiian’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 3.39%. First Hawaiian’s payout ratio is 66.67%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in shares of First Hawaiian during the 4th quarter worth $137,000. Jane Street Group LLC acquired a new stake in shares of First Hawaiian during the 3rd quarter worth $208,000. Aperio Group LLC acquired a new stake in shares of First Hawaiian during the 3rd quarter worth $210,000. Koch Industries Inc. acquired a new stake in shares of First Hawaiian during the 2nd quarter worth $240,000. Finally, Cadence Capital Management LLC acquired a new stake in shares of First Hawaiian during the 3rd quarter worth $245,000. Institutional investors own 35.53% of the company’s stock.

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First Hawaiian Company Profile

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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