First Hawaiian (NASDAQ:FHB) Posts Earnings Results, Misses Expectations By $0.07 EPS

First Hawaiian (NASDAQ:FHB) posted its quarterly earnings results on Friday. The bank reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07), FiscalAI reports. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. The company had revenue of $230.23 million during the quarter, compared to analysts’ expectations of $229.20 million. During the same quarter last year, the company earned $0.59 earnings per share.

First Hawaiian Price Performance

Shares of FHB stock traded down $0.86 during trading on Friday, hitting $25.27. 1,900,387 shares of the stock traded hands, compared to its average volume of 1,854,365. The firm has a market capitalization of $3.07 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.31 and a beta of 0.76. The firm’s fifty day moving average price is $25.56 and its 200-day moving average price is $27.00. First Hawaiian has a 52-week low of $23.26 and a 52-week high of $30.58.

Analyst Ratings Changes

FHB has been the subject of several analyst reports. Barclays upped their target price on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Benchmark reiterated a “hold” rating on shares of First Hawaiian in a report on Tuesday, July 14th. Wall Street Zen raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. JPMorgan Chase & Co. raised shares of First Hawaiian from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $29.00 in a report on Thursday, October 1st. Finally, Wells Fargo & Company dropped their price objective on shares of First Hawaiian from $28.00 to $26.00 and set an “underweight” rating for the company in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, First Hawaiian has a consensus rating of “Hold” and a consensus price target of $29.00.

More First Hawaiian News

Here are the key news stories impacting First Hawaiian this week:

• Positive Sentiment: First Hawaiian reported third-quarter revenue of approximately $230.2 million, above the $229.2 million consensus estimate. The sales beat indicates that top-line performance remained relatively resilient. First Hawaiian Q3 revenue earnings flash
• Positive Sentiment: The company also declared a dividend alongside its quarterly results, reinforcing its income appeal for shareholders. First Hawaiian third-quarter results and dividend
• Neutral Sentiment: First Hawaiian generated a 24.41% net margin and 10.27% return on equity, though investors will likely look for further details on loan growth, credit quality, and net interest income in the earnings materials.
• Negative Sentiment: Third-quarter EPS was $0.52, below the $0.59–$0.60 analyst consensus and down from $0.59 in the same quarter last year. The earnings shortfall is the primary reason the stock moved lower following the report. First Hawaiian lags third-quarter earnings estimates
• Negative Sentiment: The shares were trading below both their 50-day and 200-day moving averages and near the lower end of their 52-week range, suggesting weak technical momentum and a cautious investor outlook.

First Hawaiian Company Profile

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.