First Hawaiian (NASDAQ:FHB) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

First Hawaiian (NASDAQ:FHB - Get Free Report) released its quarterly earnings results on Friday. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01, RTT News reports. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter in the prior year, the company earned $0.37 earnings per share.

First Hawaiian Price Performance

FHB stock traded up $0.12 during trading on Tuesday, hitting $27.70. 1,169,683 shares of the stock traded hands, compared to its average volume of 862,699. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 15.47 and a beta of 0.99. The firm's 50 day moving average is $26.40 and its two-hundred day moving average is $25.06.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.26 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.75%. First Hawaiian's dividend payout ratio is currently 58.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FHB shares. Wells Fargo & Company upped their target price on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Monday. Stephens initiated coverage on First Hawaiian in a research report on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 target price for the company. Piper Sandler upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Monday. The Goldman Sachs Group raised their target price on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Monday. Finally, Barclays upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Monday. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, First Hawaiian presently has a consensus rating of "Hold" and an average target price of $29.00.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.