First Hawaiian, Inc. (NASDAQ:FHB) is expected to report third quarter earnings results, before market open, on Friday 23rd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.28 per share.
Looking ahead, the full year income are expected at $ 1.04 per share on the revenues of $ 720.55 million.
Previous Quarter Performance
First Hawaiian, Inc. revealed income for the second quarter of $ 0.16 per share, from the revenue of $ 173.48 million. The quarterly earnings declined 70.37 percent while revenues down 11.02 percent compared with the same quarter last year.
According to street consensus, FHB was expected to report 2Q20 income of $ 0.22 per share from revenue of $ 178.92 million. The bottom line results missed street analysts by $ 0.06 or 27.27 percent, at the same time, top line results fell short of analysts by $ 5.44 million or 3.04 percent.
Stock Performance
Shares of First Hawaiian, Inc. traded up $ 0.63 or 3.90 percent on Thursday, reaching $ 16.77 with volume of 1.39 million shares. First Hawaiian, Inc. has traded high as $ 17.00 and has cracked $ 16.15 on the downward trend
The closing price of $ 16.77, representing a 19.03 % increase from the 52 week low of $ 13.56 and a 48.35 % decrease over the 52 week high of $ 31.25.
The company has a market capital of $ 2.18 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 16.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.26 per share on July 22, 2020. The dividend were payable on September 4, 2020 to holders of record as of the close of business on August 24, 2020 and ex-dividend date on August 21, 2020.
Conference Call
First Hawaiian, Inc. will be hosting a conference call at 1:00 PM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fhb.com
First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other.
