Wall Street analysts forecast that First Hawaiian Inc (NASDAQ:FHB) will post $196.71 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for First Hawaiian’s earnings. The lowest sales estimate is $195.92 million and the highest is $197.49 million. First Hawaiian posted sales of $191.20 million during the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The company is expected to issue its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that First Hawaiian will report full year sales of $793.78 million for the current year, with estimates ranging from $792.99 million to $794.57 million. For the next fiscal year, analysts expect that the business will report sales of $829.37 million, with estimates ranging from $824.27 million to $834.46 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for First Hawaiian.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. First Hawaiian had a return on equity of 11.60% and a net margin of 31.67%. The company had revenue of $145.10 million during the quarter, compared to analysts’ expectations of $146.96 million. During the same quarter in the previous year, the firm earned $0.49 EPS. First Hawaiian’s revenue was up 3.9% on a year-over-year basis.
In other First Hawaiian news, CEO Robert S. Harrison bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $25.88 per share, for a total transaction of $129,400.00. Following the transaction, the chief executive officer now directly owns 80,261 shares in the company, valued at $2,077,154.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its position in First Hawaiian by 389.7% in the fourth quarter. American Century Companies Inc. now owns 6,973,382 shares of the bank’s stock worth $156,971,000 after buying an additional 5,549,300 shares during the last quarter. AJO LP bought a new stake in First Hawaiian during the first quarter worth about $109,133,000. Vanguard Group Inc. lifted its stake in First Hawaiian by 56.4% during the third quarter. Vanguard Group Inc. now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in First Hawaiian by 48.9% during the third quarter. JPMorgan Chase & Co. now owns 5,730,041 shares of the bank’s stock worth $155,628,000 after purchasing an additional 1,882,584 shares during the last quarter. Finally, Norges Bank bought a new stake in First Hawaiian during the fourth quarter worth about $32,842,000. Institutional investors own 82.48% of the company’s stock.
Shares of First Hawaiian stock traded up $0.22 during trading on Friday, reaching $26.88. 83,674 shares of the company’s stock were exchanged, compared to its average volume of 1,263,390. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82. First Hawaiian has a 1-year low of $21.19 and a 1-year high of $31.28. The stock has a market capitalization of $3.60 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 3.72 and a beta of 1.17.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th will be paid a $0.26 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.04 annualized dividend and a dividend yield of 3.87%. First Hawaiian’s payout ratio is 49.76%.
About First Hawaiian
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. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.