First Hawaiian (FHB) to Release Quarterly Earnings on Friday

First Hawaiian (NASDAQ:FHB - Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, October 25th. Analysts expect First Hawaiian to post earnings of $0.44 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Friday, July 26th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $204.62 million for the quarter, compared to analyst estimates of $202.94 million. First Hawaiian had a return on equity of 8.96% and a net margin of 18.83%. On average, analysts expect First Hawaiian to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Hawaiian Stock Performance

First Hawaiian stock traded down $0.14 during midday trading on Friday, hitting $24.53. 645,213 shares of the company were exchanged, compared to its average volume of 653,781. The firm has a market capitalization of $3.14 billion, a PE ratio of 14.18 and a beta of 0.98. First Hawaiian has a fifty-two week low of $17.18 and a fifty-two week high of $26.18. The business has a fifty day simple moving average of $23.42 and a two-hundred day simple moving average of $22.27.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Monday, August 19th. First Hawaiian's dividend payout ratio (DPR) is 59.77%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price target on First Hawaiian from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered their price target on First Hawaiian from $24.00 to $23.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 9th. Piper Sandler raised their target price on First Hawaiian from $22.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their target price on First Hawaiian from $25.00 to $26.00 and gave the company a "market perform" rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group raised their target price on First Hawaiian from $21.00 to $24.00 and gave the company a "sell" rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $24.17.

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.