Wall Street brokerages predict that First Hawaiian Inc (NASDAQ:FHB) will post earnings per share of $0.53 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Hawaiian’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.52. First Hawaiian reported earnings of $0.49 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 25th.
On average, analysts expect that First Hawaiian will report full year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.23. For the next financial year, analysts forecast that the company will report earnings of $2.29 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow First Hawaiian.
First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. First Hawaiian had a net margin of 32.05% and a return on equity of 11.55%. The company had revenue of $177.08 million for the quarter, compared to analyst estimates of $190.93 million. During the same quarter last year, the business earned $0.42 earnings per share.
Several equities research analysts have commented on FHB shares. Zacks Investment Research lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. BidaskClub upgraded shares of 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 shares of First Hawaiian and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, ValuEngine upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. First Hawaiian presently has an average rating of “Buy” and a consensus target price of $29.60.
In related news, Director Paribas Bnp sold 24,859,750 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $26.11, for a total transaction of $649,088,072.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert S. Harrison acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $25.88 per share, for a total transaction of $129,400.00. Following the purchase, the chief executive officer now directly owns 80,261 shares of the company’s stock, valued at $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 bought and sold shares of the business. American Century Companies Inc. boosted its stake in First Hawaiian by 389.7% in the 4th quarter. American Century Companies Inc. now owns 6,973,382 shares of the bank’s stock worth $156,971,000 after purchasing an additional 5,549,300 shares during the period. Vanguard Group Inc boosted its stake in First Hawaiian by 56.4% in the 3rd quarter. Vanguard Group Inc now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares during the period. Vanguard Group Inc. boosted its stake in First Hawaiian by 56.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares during the period. Macquarie Group Ltd. boosted its stake in First Hawaiian by 41,455.2% in the 3rd quarter. Macquarie Group Ltd. now owns 2,119,316 shares of the bank’s stock worth $57,560,000 after purchasing an additional 2,114,216 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in First Hawaiian by 48.9% in 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 during the period. Hedge funds and other institutional investors own 81.50% of the company’s stock.
Shares of NASDAQ:FHB traded down $0.05 during trading hours on Wednesday, hitting $26.72. The stock had a trading volume of 16,571 shares, compared to its average volume of 1,195,251. First Hawaiian has a 1-year low of $21.19 and a 1-year high of $31.28. The firm has a market capitalization of $3.61 billion, a P/E ratio of 12.81, a PEG ratio of 3.62 and a beta of 1.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24.
First Hawaiian 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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