Wall Street brokerages expect that First Hawaiian Inc (NASDAQ:FHB) will post sales of $184.36 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Hawaiian’s earnings, with the highest sales estimate coming in at $184.38 million and the lowest estimate coming in at $184.33 million. First Hawaiian reported sales of $178.75 million during the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that First Hawaiian will report full year sales of $184.36 million for the current year, with estimates ranging from $766.73 million to $767.73 million. For the next fiscal year, analysts anticipate that the business will report sales of $825.39 million per share, with estimates ranging from $817.57 million to $833.21 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover First Hawaiian.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. First Hawaiian had a net margin of 23.80% and a return on equity of 9.09%. The company had revenue of $134.90 million during the quarter, compared to the consensus estimate of $135.40 million. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year.
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research note on Friday, January 26th. Citigroup reaffirmed a “neutral” rating and set a $32.00 price objective on shares of First Hawaiian in a research note on Wednesday, January 24th. Barclays dropped their price objective on shares of First Hawaiian from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. BidaskClub downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, ValuEngine downgraded shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.75.
A number of institutional investors and hedge funds have recently bought and sold shares of FHB. Janus Henderson Group PLC grew its position in First Hawaiian by 8.5% in the third quarter. Janus Henderson Group PLC now owns 4,517,093 shares of the bank’s stock valued at $136,823,000 after acquiring an additional 355,208 shares in the last quarter. Vanguard Group Inc. grew its position in First Hawaiian by 6.1% in the second quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock valued at $126,981,000 after acquiring an additional 238,056 shares in the last quarter. Villere ST Denis J & Co. LLC grew its position in First Hawaiian by 15.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,969,699 shares of the bank’s stock valued at $57,475,000 after acquiring an additional 259,056 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in First Hawaiian by 45.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,814,950 shares of the bank’s stock valued at $54,975,000 after acquiring an additional 566,520 shares in the last quarter. Finally, FMR LLC grew its position in First Hawaiian by 222.8% in the second quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock valued at $53,627,000 after acquiring an additional 1,208,748 shares in the last quarter. 35.74% of the stock is owned by hedge funds and other institutional investors.
First Hawaiian (FHB) opened at $28.49 on Wednesday. First Hawaiian has a one year low of $26.30 and a one year high of $33.57. The company has a market cap of $4,010.00 and a PE ratio of 21.58.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Monday, February 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, February 23rd. This is an increase from First Hawaiian’s previous quarterly dividend of $0.22. First Hawaiian’s dividend payout ratio is 66.67%.
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First Hawaiian Company Profile
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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