$196.90 Million in Sales Expected for First Hawaiian Inc (NASDAQ:FHB) This Quarter

Wall Street brokerages predict that First Hawaiian Inc (NASDAQ:FHB) will report sales of $196.90 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for First Hawaiian’s earnings. The highest sales estimate is $199.84 million and the lowest is $193.97 million. First Hawaiian posted sales of $188.66 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The company is scheduled to report its next earnings results after the market closes on Thursday, October 24th.

According to Zacks, analysts expect that First Hawaiian will report full-year sales of $784.20 million for the current fiscal year, with estimates ranging from $775.42 million to $792.99 million. For the next financial year, analysts anticipate that the firm will post sales of $809.56 million, with estimates ranging from $784.66 million to $834.46 million. Zacks Investment Research’s sales averages are a mean 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 Thursday, July 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. First Hawaiian had a net margin of 31.56% and a return on equity of 11.48%. The business had revenue of $194.39 million during the quarter, compared to the consensus estimate of $196.31 million. During the same quarter last year, the firm posted $0.50 EPS.

Several research analysts recently commented on the stock. TheStreet upgraded shares of First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lowered shares of First Hawaiian from a “neutral” rating to an “underweight” rating and cut their price target for the company from $26.50 to $26.00 in a report on Monday, July 29th. Zacks Investment Research lowered shares of First Hawaiian from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. BidaskClub upgraded shares of First Hawaiian from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, ValuEngine lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.25.

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio increased its stake in shares of First Hawaiian by 19.0% in the third quarter. Strs Ohio now owns 15,529 shares of the bank’s stock worth $414,000 after buying an additional 2,476 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in First Hawaiian by 9.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,049 shares of the bank’s stock worth $242,000 after purchasing an additional 752 shares during the period. Zeke Capital Advisors LLC boosted its holdings in First Hawaiian by 202.2% in the third quarter. Zeke Capital Advisors LLC now owns 34,642 shares of the bank’s stock worth $925,000 after purchasing an additional 23,179 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of First Hawaiian by 14.9% during the third quarter. Envestnet Asset Management Inc. now owns 116,931 shares of the bank’s stock valued at $3,122,000 after acquiring an additional 15,136 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of First Hawaiian by 39.7% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 444,344 shares of the bank’s stock valued at $11,864,000 after acquiring an additional 126,310 shares during the period. Institutional investors own 95.75% of the company’s stock.

Shares of FHB traded up $0.31 during mid-day trading on Friday, hitting $27.95. The company had a trading volume of 1,294 shares, compared to its average volume of 736,689. The business’s 50-day simple moving average is $26.63 and its 200-day simple moving average is $26.22. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. First Hawaiian has a 1-year low of $21.19 and a 1-year high of $28.20. The stock has a market cap of $3.67 billion, a PE ratio of 13.40, a P/E/G ratio of 4.77 and a beta of 1.15.

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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