Equities analysts expect First Hawaiian, Inc. (NASDAQ:FHB) to report $181.13 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for First Hawaiian’s earnings. The lowest sales estimate is $179.83 million and the highest is $182.15 million. First Hawaiian reported sales of $188.83 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.1%. The company is expected to report its next earnings report on Friday, January 28th.
According to Zacks, analysts expect that First Hawaiian will report full-year sales of $717.64 million for the current year, with estimates ranging from $716.30 million to $718.62 million. For the next fiscal year, analysts forecast that the business will report sales of $720.55 million, with estimates ranging from $711.47 million to $728.77 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover First Hawaiian.
First Hawaiian (NASDAQ:FHB) last announced its earnings results on Thursday, October 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. First Hawaiian had a return on equity of 10.17% and a net margin of 36.22%. During the same period last year, the firm posted $0.50 EPS.
In related news, CFO Ravi Mallela sold 2,193 shares of the stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $28.73, for a total transaction of $63,004.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.64% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Berman Capital Advisors LLC raised its position in First Hawaiian by 141.0% during the third quarter. Berman Capital Advisors LLC now owns 894 shares of the bank’s stock valued at $25,000 after purchasing an additional 523 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in First Hawaiian by 282.9% during the 1st quarter. SkyView Investment Advisors LLC now owns 1,076 shares of the bank’s stock valued at $29,000 after purchasing an additional 795 shares during the period. Allworth Financial LP increased its holdings in First Hawaiian by 50.0% during the 2nd quarter. Allworth Financial LP now owns 1,200 shares of the bank’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Eaton Vance Management purchased a new position in First Hawaiian during the 1st quarter valued at about $37,000. Finally, Van ECK Associates Corp purchased a new position in First Hawaiian during the 2nd quarter valued at about $48,000. 98.31% of the stock is owned by institutional investors.
FHB traded down $0.34 during trading on Thursday, hitting $28.15. The stock had a trading volume of 263,185 shares, compared to its average volume of 661,014. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. The stock has a 50 day simple moving average of $28.17. First Hawaiian has a one year low of $21.82 and a one year high of $30.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Stockholders of record on Monday, November 22nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 19th. First Hawaiian’s dividend payout ratio (DPR) is presently 50.00%.
About First Hawaiian
First Hawaiian, Inc is a bank holding company, which engages in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.
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