First Hawaiian (FHB) Set to Announce Earnings on Friday

First Hawaiian (NASDAQ:FHB) is scheduled to post its quarterly earnings results before the market opens on Friday, July 26th. Analysts expect First Hawaiian to post earnings of $0.42 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, April 26th. The bank reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $205.80 million during the quarter, compared to analyst estimates of $202.41 million. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. 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 Down 2.3 %

First Hawaiian stock opened at $24.31 on Thursday. The business has a fifty day moving average of $21.17 and a two-hundred day moving average of $21.37. The firm has a market cap of $3.11 billion, a P/E ratio of 13.97 and a beta of 0.99. First Hawaiian has a twelve month low of $17.18 and a twelve month high of $25.16.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FHB. Wells Fargo & Company reduced their price target on First Hawaiian from $20.00 to $18.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 25th. Barclays reduced their price target on First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. cut their target price on First Hawaiian from $25.50 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $21.50.

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.