$182.48 Million in Sales Expected for First Hawaiian Inc (FHB) This Quarter
Equities research analysts predict that First Hawaiian Inc (NYSE:FHB) will report sales of $182.48 million for the current quarter, Zacks reports. Two analysts have provided estimates for First Hawaiian’s earnings, with the highest sales estimate coming in at $182.66 million and the lowest estimate coming in at $182.30 million. First Hawaiian reported sales of $180.27 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is expected to announce its next quarterly earnings report on Tuesday, January 23rd.
On average, analysts expect that First Hawaiian will report full year sales of $182.48 million for the current fiscal year, with estimates ranging from $719.42 million to $724.18 million. For the next year, analysts expect that the company will report sales of $769.61 million per share, with estimates ranging from $766.73 million to $772.48 million. Zacks’ sales calculations are an average based on a survey of research firms that follow First Hawaiian.
First Hawaiian (NYSE:FHB) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. First Hawaiian had a return on equity of 9.12% and a net margin of 32.09%. The company had revenue of $133.32 million during the quarter, compared to analyst estimates of $136.44 million. During the same period in the previous year, the business earned $0.41 EPS. First Hawaiian’s quarterly revenue was up 8.7% on a year-over-year basis.
A number of research analysts have recently weighed in on FHB shares. BidaskClub raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Barclays PLC set a $32.00 price objective on shares of First Hawaiian and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, UBS AG raised their price objective on shares of First Hawaiian from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. First Hawaiian presently has an average rating of “Hold” and an average target price of $32.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 27th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, November 24th. This represents a $0.88 annualized dividend and a dividend yield of Infinity.
Several large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC bought a new stake in shares of First Hawaiian in the 2nd quarter worth about $127,437,000. Vanguard Group Inc. increased its position in shares of First Hawaiian by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,146,953 shares of the bank’s stock worth $126,981,000 after purchasing an additional 238,056 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Hawaiian by 19.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,647,583 shares of the bank’s stock worth $111,689,000 after purchasing an additional 597,492 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of First Hawaiian by 6.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,064,664 shares of the bank’s stock worth $63,220,000 after purchasing an additional 121,463 shares during the last quarter. Finally, FMR LLC increased its position in shares of First Hawaiian by 222.8% in the 2nd quarter. FMR LLC now owns 1,751,392 shares of the bank’s stock worth $53,627,000 after purchasing an additional 1,208,748 shares during the last quarter.
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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