Analysts Anticipate First Hawaiian Inc (FHB) Will Announce Earnings of $0.53 Per Share
Analysts forecast that First Hawaiian Inc (NASDAQ:FHB) will report earnings of $0.53 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for First Hawaiian’s earnings, with estimates ranging from $0.52 to $0.54. First Hawaiian posted 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 business is scheduled to issue its next earnings report 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 financial year, with EPS estimates ranging from $2.15 to $2.23. For the next fiscal year, analysts forecast that the business will report earnings of $2.29 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow First Hawaiian.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, January 24th. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. First Hawaiian had a return on equity of 11.55% and a net margin of 32.05%. The company had revenue of $177.08 million during the quarter, compared to analysts’ expectations of $190.93 million. During the same quarter in the previous year, the firm earned $0.42 EPS.
First Hawaiian stock opened at $26.77 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.24. First Hawaiian has a 52 week low of $21.19 and a 52 week high of $31.28. The firm has a market cap of $3.61 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 3.58 and a beta of 1.15.
In other First Hawaiian news, CEO Robert S. Harrison acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $25.88 per share, with a total value of $129,400.00. Following the completion of the purchase, the chief executive officer now owns 80,261 shares of the company’s stock, valued at $2,077,154.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paribas Bnp sold 24,859,750 shares of First Hawaiian stock in a transaction on Friday, February 1st. The shares were sold at an average price of $26.11, for a total value of $649,088,072.50. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Enlightenment Research LLC purchased a new stake in First Hawaiian during the fourth quarter valued at about $27,000. Toronto Dominion Bank increased its holdings in shares of First Hawaiian by 10,646.7% in the fourth quarter. Toronto Dominion Bank now owns 3,224 shares of the bank’s stock worth $73,000 after buying an additional 3,194 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of First Hawaiian in the first quarter worth about $74,000. Advisors Asset Management Inc. increased its holdings in shares of First Hawaiian by 87.9% in the third quarter. Advisors Asset Management Inc. now owns 4,395 shares of the bank’s stock worth $119,000 after buying an additional 2,056 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Hawaiian by 31.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,507 shares of the bank’s stock worth $191,000 after buying an additional 2,047 shares during the period. 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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