Zacks: Analysts Expect First Hawaiian Bank (FHB) to Post $0.47 Earnings Per Share

Equities analysts expect First Hawaiian Bank (NASDAQ:FHB) to report earnings of $0.47 per share for the current quarter, according to Zacks. Two analysts have made estimates for First Hawaiian Bank’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.48. First Hawaiian Bank reported earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that First Hawaiian Bank will report full year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.96 to $2.00. For the next year, analysts expect that the business will post earnings of $2.09 per share, with EPS estimates ranging from $2.02 to $2.15. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for First Hawaiian Bank.

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First Hawaiian Bank (NASDAQ:FHB) last posted 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. The business had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.40 million. First Hawaiian Bank had a net margin of 23.80% and a return on equity of 9.10%. First Hawaiian Bank’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS.

FHB has been the subject of several recent analyst reports. Zacks Investment Research raised shares of First Hawaiian Bank from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, March 5th. BidaskClub raised shares of First Hawaiian Bank from a “hold” rating to a “buy” rating in a report on Friday, March 9th. ValuEngine downgraded shares of First Hawaiian Bank from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price target on shares of First Hawaiian Bank in a report on Friday, December 22nd. Finally, JPMorgan Chase downgraded shares of First Hawaiian Bank from an “overweight” rating to a “neutral” rating and set a $32.00 price target for the company. in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. First Hawaiian Bank presently has a consensus rating of “Hold” and a consensus target price of $32.50.

A number of institutional investors have recently modified their holdings of FHB. State of Alaska Department of Revenue acquired a new position in shares of First Hawaiian Bank in the 4th quarter valued at $137,000. Jane Street Group LLC acquired a new position in shares of First Hawaiian Bank in the 3rd quarter valued at $208,000. Cadence Capital Management LLC acquired a new position in shares of First Hawaiian Bank in the 3rd quarter valued at $245,000. Koch Industries Inc. acquired a new position in shares of First Hawaiian Bank in the 4th quarter valued at $251,000. Finally, Jefferies Group LLC acquired a new position in shares of First Hawaiian Bank in the 4th quarter valued at $337,000. 36.30% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ FHB traded down $0.46 during trading hours on Friday, hitting $27.57. 277,488 shares of the stock were exchanged, compared to its average volume of 349,572. The company has a market cap of $3,913.02, a P/E ratio of 16.71, a P/E/G ratio of 2.03 and a beta of 0.43. First Hawaiian Bank has a one year low of $26.30 and a one year high of $32.36.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from First Hawaiian Bank’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 3.48%. First Hawaiian Bank’s dividend payout ratio is 58.18%.

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First Hawaiian Bank Company Profile

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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