Equities analysts expect First Hawaiian Inc (NASDAQ:FHB) to announce $0.52 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for First Hawaiian’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.53. First Hawaiian posted earnings per share of $0.42 in the same quarter last year, which would suggest a positive year over year growth rate of 23.8%. The business is scheduled to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that First Hawaiian will report full-year earnings of $2.04 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.05. For the next year, analysts anticipate that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.15 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for First Hawaiian.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. First Hawaiian had a return on equity of 10.13% and a net margin of 25.59%. The firm had revenue of $141.40 million for the quarter, compared to analysts’ expectations of $140.18 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year.

A number of analysts have recently commented on the company. BidaskClub cut First Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Zacks Investment Research cut First Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Bank of America raised First Hawaiian from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $35.00 in a research report on Thursday, May 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.88.

Shares of FHB traded up $0.21 during mid-day trading on Friday, reaching $27.75. The company had a trading volume of 16,583 shares, compared to its average volume of 1,346,007. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. First Hawaiian has a 52 week low of $26.92 and a 52 week high of $32.36. The stock has a market cap of $3.75 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.42 and a beta of 0.44.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 27th were given a $0.24 dividend. The ex-dividend date was Friday, August 24th. This represents a $0.96 annualized dividend and a yield of 3.46%. First Hawaiian’s dividend payout ratio (DPR) is presently 58.18%.

In related news, Director Paribas Bnp sold 20,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $28.70, for a total value of $574,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FHB. Dupont Capital Management Corp bought a new position in shares of First Hawaiian during the 1st quarter valued at $244,000. Comerica Bank bought a new position in shares of First Hawaiian during the 1st quarter valued at $2,718,000. CIBC Asset Management Inc bought a new position in shares of First Hawaiian during the 1st quarter valued at $1,083,000. Mackay Shields LLC bought a new position in shares of First Hawaiian during the 1st quarter valued at $2,860,000. Finally, Trexquant Investment LP lifted its holdings in shares of First Hawaiian by 62.6% during the 1st quarter. Trexquant Investment LP now owns 30,304 shares of the bank’s stock valued at $843,000 after buying an additional 11,662 shares during the period. 50.03% of the stock is currently owned by hedge funds and other 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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