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

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

First Hawaiian Stock Performance

NASDAQ FHB traded down $1.05 on Friday, hitting $25.08. 1,639,553 shares of the stock traded hands, compared to its average volume of 1,853,519. The business’s fifty day moving average is $25.56 and its two-hundred day moving average is $27.00. First Hawaiian has a 12 month low of $23.26 and a 12 month high of $30.58. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.31 and a beta of 0.76.

First Hawaiian News Summary

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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FHB shares. TD Cowen lowered their target price on First Hawaiian from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, July 7th. Zacks Research downgraded shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Benchmark reaffirmed a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upgraded shares of First Hawaiian from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $29.00 in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.00.

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.