First Hawaiian, Inc. (NASDAQ:FHB) is reporting second quarter financial results on Friday 24th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, FHB is expected to report 2Q20 income of $ 0.22 per share from revenue of $ 178.92 million.
For the full year, analysts anticipate top line of $ 734.25 million, while looking forward to income of $ 1.09 per share bottom line.
Previous Quarter Performance
First Hawaiian, Inc. recorded income for the first quarter of $ 0.30 per share, from the revenue of $ 187.91 million. The quarterly earnings fell 43.40 percent while revenues escalated 0.77 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.38 per share from $ 186.27 million in revenue. The bottom line results missed street analysts by $ 0.08 or 21.05 percent, at the same time, top line results outshined analysts by $ 1.64 million or 0.88 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FHB was $ 18.59, representing a 37.09 % increase from the 52 week low of $ 13.56 and a 40.51 % decrease over the 52 week high of $ 31.25.
The company has a market capital of $ 2.42 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 7th July 2020, downgraded by Wells Fargo & Co to Underweight from Equal-Weight rating, with $ 13.00 target price.
On 29th June 2020, downgraded by UBS Group to Sell from Neutral rating, with $ 13.00 target price.
On 8th June 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 23.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.26 per share on April 22, 2020. The dividend were payable on June 5, 2020 to holders of record as of the close of business on May 26, 2020 and ex-dividend date on May 22, 2020.
Conference Call
First Hawaiian, Inc. will be hosting a conference call at 1:00 PM eastern time on 24th July 2020, to discuss its 2Q20 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.
