Wall Street analysts expect First Hawaiian Inc (NASDAQ:FHB) to announce sales of $189.35 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for First Hawaiian’s earnings, with the lowest sales estimate coming in at $187.29 million and the highest estimate coming in at $191.41 million. First Hawaiian reported sales of $192.16 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.5%. The firm is scheduled to announce its next earnings results on Thursday, April 23rd.
On average, analysts expect that First Hawaiian will report full year sales of $770.14 million for the current fiscal year, with estimates ranging from $766.75 million to $773.53 million. For the next financial year, analysts anticipate that the company will post sales of $802.61 million, with estimates ranging from $800.58 million to $804.64 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for First Hawaiian.
First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The business had revenue of $186.33 million for the quarter, compared to analyst estimates of $187.37 million. First Hawaiian had a return on equity of 11.04% and a net margin of 32.64%. During the same quarter in the previous year, the firm earned $0.58 EPS.
FHB stock traded up $0.03 during trading on Friday, hitting $29.62. The company had a trading volume of 453,100 shares, compared to its average volume of 601,439. The company has a fifty day moving average price of $28.99 and a two-hundred day moving average price of $27.65. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.86 billion, a P/E ratio of 13.84, a P/E/G ratio of 4.85 and a beta of 1.15. First Hawaiian has a fifty-two week low of $24.25 and a fifty-two week high of $31.25.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 28th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, February 27th. First Hawaiian’s dividend payout ratio is 47.49%.
In other First Hawaiian news, insider Mitchell Nishimoto sold 3,410 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $29.59, for a total value of $100,901.90. Following the transaction, the insider now owns 16,937 shares of the company’s stock, valued at $501,165.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in First Hawaiian by 6.7% in the third quarter. Stifel Financial Corp now owns 68,357 shares of the bank’s stock worth $1,818,000 after purchasing an additional 4,292 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in First Hawaiian by 13.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,466,841 shares of the bank’s stock worth $65,865,000 after purchasing an additional 300,204 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in First Hawaiian by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 40,566 shares of the bank’s stock worth $1,083,000 after purchasing an additional 605 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in First Hawaiian in the third quarter worth $7,475,000. Finally, OLD National Bancorp IN acquired a new position in First Hawaiian in the fourth quarter worth $202,000. 97.74% of the stock is currently owned by institutional investors.
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.
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