Eye Catching Stock: First Hawaiian (NASDAQ: FHB)

James Blair

First Hawaiian (NASDAQ: FHB) changed 4.06% to recent value of $27.15. The stock transacted 1284670 shares during most recent day however it has an average volume of 716.85K shares. It spotted trading -9.56% off 52-week high price. On the other end, the stock has been noted 28.13% away from the low price over the last 52-weeks.

On July 25, 2019, First Hawaiian (NASDAQ: FHB) reported financial results for its second quarter ended June 30, 2019.

I’m pleased to report that the company turned in another solid performance in the second quarter, highlighted by strong earnings driven by excellent credit quality, higher net interest margin, and continued prudent expense management, said Bob Harrison, Chairman and Chief Executive Officer.  We also began executing our share repurchase program and returned $40 million of capital to shareholders.

On July 24, 2019, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share.  The dividend will be payable on September 6, 2019 to stockholders of record at the close of business on August 26, 2019.

In addition, Eric Yeaman, President and Chief Operating Officer of the Company and the Bank, announced that he is resigning from his positions with the Company and the Bank, as well as his position as a director of the Bank, effective August 12, 2019.  Eric’s leadership has been a key driver of our bank’s success over the last four years.  His experience managing public companies played an integral role in helping First Hawaiian navigate through the IPO process and transitioning the company to independence.  He has made a lasting impact on the organization, formed deep relationships with our teams and our customers, and will be missed.  We wish him continued success in the years ahead.

 FHB has a an operating margin of 82.00% while its profit margin remained 39.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 16.40% for this year while earning per share for the next 5-years is expected to reach at 1.40%.

 The company has 134.88M of outstanding shares and 134.65M shares were floated in the market. The price moved ahead of 6.11% from the mean of 20 days, 5.37% from mean of 50 days SMA and performed 5.93% from mean of 200 days price. Company’s performance for the week was 5.60%, 6.93% for month and YTD performance remained 20.61%.

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