Brokerages Anticipate First Hawaiian Bank (FHB) Will Post Quarterly Sales of $191.45 Million

Wall Street analysts predict that First Hawaiian Bank (NASDAQ:FHB) will post $191.45 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for First Hawaiian Bank’s earnings. The lowest sales estimate is $191.40 million and the highest is $191.49 million. First Hawaiian Bank posted sales of $180.12 million during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings report on Thursday, July 26th.

According to Zacks, analysts expect that First Hawaiian Bank will report full-year sales of $775.71 million for the current financial year, with estimates ranging from $775.26 million to $776.15 million. For the next financial year, analysts forecast that the business will report sales of $829.38 million per share, with estimates ranging from $829.11 million to $829.65 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover First Hawaiian Bank.

First Hawaiian Bank (NASDAQ:FHB) last posted its quarterly earnings data on Thursday, April 26th. The bank reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. First Hawaiian Bank had a net margin of 24.70% and a return on equity of 9.53%. The company had revenue of $139.70 million during the quarter, compared to the consensus estimate of $136.66 million. During the same period in the prior year, the business posted $0.41 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis.



A number of equities research analysts have recently issued reports on the stock. Deutsche Bank raised shares of First Hawaiian Bank from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Keefe, Bruyette & Woods raised shares of First Hawaiian Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 13th. BidaskClub cut shares of First Hawaiian Bank from a “buy” rating to a “hold” rating in a report on Saturday, March 17th. Zacks Investment Research raised shares of First Hawaiian Bank from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, April 18th. Finally, Citigroup reissued a “neutral” rating and issued a $32.00 price target on shares of First Hawaiian Bank in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. First Hawaiian Bank has a consensus rating of “Hold” and an average price target of $32.38.

In other First Hawaiian Bank news, Director Paribas Bnp sold 15,300,000 shares of First Hawaiian Bank stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $27.56, for a total value of $421,668,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert S. Harrison purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was bought at an average cost of $28.44 per share, with a total value of $284,400.00. Following the completion of the purchase, the chairman now owns 44,129 shares of the company’s stock, valued at approximately $1,255,028.76. The disclosure for this purchase can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in First Hawaiian Bank by 5.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 238,735 shares of the bank’s stock valued at $6,967,000 after acquiring an additional 12,463 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in First Hawaiian Bank by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 944,235 shares of the bank’s stock worth $27,553,000 after acquiring an additional 44,694 shares during the period. Gator Capital Management LLC bought a new stake in First Hawaiian Bank during the 4th quarter worth approximately $409,000. California Public Employees Retirement System grew its stake in First Hawaiian Bank by 31.0% in the 4th quarter. California Public Employees Retirement System now owns 83,253 shares of the bank’s stock worth $2,429,000 after buying an additional 19,716 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in First Hawaiian Bank by 21.3% in the 4th quarter. American Century Companies Inc. now owns 1,139,142 shares of the bank’s stock worth $33,240,000 after buying an additional 200,317 shares in the last quarter. 36.89% of the stock is owned by hedge funds and other institutional investors.

Shares of First Hawaiian Bank stock traded down $0.07 during trading hours on Friday, reaching $28.32. 31,247 shares of the company’s stock were exchanged, compared to its average volume of 495,125. First Hawaiian Bank has a fifty-two week low of $28.14 and a fifty-two week high of $28.45. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.97 and a beta of 0.44.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Tuesday, May 29th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 25th. This represents a $0.96 annualized dividend and a dividend yield of 3.39%. First Hawaiian Bank’s dividend payout ratio is 58.18%.

First Hawaiian Bank Company Profile

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 through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.

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