StockStory Flags First Hawaiian’s Slow Earnings and Book Growth
The publisher cited modest earnings and tangible book value growth in its bearish view, while shares traded near $25 Tuesday afternoon.
Key takeaways
- StockStory cited 1.6% annualized EPS growth over five years.
- Consensus estimates call for tangible book value per share to rise 3.3% over the next 12 months.
StockStory said First Hawaiian Bank’s modest growth figures weaken its outlook for the stock, including annualized earnings-per-share growth of 1.6% over five years. As of Tuesday afternoon, shares traded at about $25.05, up 0.02% since the previous close.
The publisher said net interest income grew at a 5.1% annualized rate over five years. It attributed the increase to a higher net interest margin, even as the bank’s loan book shrank.
First Hawaiian’s revenue grew at a 4.3% annualized rate over the same period, StockStory said. Consensus estimates call for tangible book value per share to rise 3.3% to $15.54 over the next 12 months.
StockStory said the shares traded at 1× forward price-to-book and argued that the valuation reflected substantial good news. The publisher said it preferred other opportunities.
This article was produced with the help of AI technology. Source: Yahoo Finance
