$184.33 Million in Sales Expected for First Hawaiian Bank (FHB) This Quarter

Brokerages expect that First Hawaiian Bank (NASDAQ:FHB) will announce sales of $184.33 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for First Hawaiian Bank’s earnings. The lowest sales estimate is $183.98 million and the highest is $184.67 million. First Hawaiian Bank posted sales of $178.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, April 26th.

According to Zacks, analysts expect that First Hawaiian Bank will report full-year sales of $767.21 million for the current financial year, with estimates ranging from $761.74 million to $772.68 million. For the next year, analysts expect that the firm will report sales of $825.47 million per share, with estimates ranging from $819.83 million to $831.11 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for First Hawaiian Bank.

First Hawaiian Bank (NASDAQ:FHB) last posted its earnings results on Thursday, January 25th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $134.90 million during the quarter, compared to analyst estimates of $135.40 million. First Hawaiian Bank had a return on equity of 9.10% and a net margin of 23.80%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS.

Several equities analysts have recently issued reports on FHB shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 target price on shares of First Hawaiian Bank in a research report on Friday, December 22nd. Zacks Investment Research lowered First Hawaiian Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Barclays boosted their target price on First Hawaiian Bank from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Goldman Sachs lowered First Hawaiian Bank from a “neutral” rating to a “sell” rating and set a $32.00 target price for the company. in a research report on Thursday, January 4th. Finally, ValuEngine lowered First Hawaiian Bank from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $32.50.

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. grew its position in shares of First Hawaiian Bank by 5.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 38,960 shares of the bank’s stock valued at $1,137,000 after purchasing an additional 1,864 shares during the period. Russell Investments Group Ltd. grew its position in shares of First Hawaiian Bank by 12.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 26,168 shares of the bank’s stock valued at $792,000 after purchasing an additional 2,860 shares during the period. Goldman Sachs Group Inc. grew its position in shares of First Hawaiian Bank by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 108,740 shares of the bank’s stock valued at $3,173,000 after purchasing an additional 3,638 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of First Hawaiian Bank in the 4th quarter valued at approximately $137,000. Finally, Jane Street Group LLC acquired a new position in shares of First Hawaiian Bank in the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 36.30% of the company’s stock.

Shares of First Hawaiian Bank stock traded up $0.31 during trading on Monday, hitting $27.97. 205,490 shares of the company were exchanged, compared to its average volume of 348,565. The firm has a market capitalization of $3,861.37, a P/E ratio of 16.95, a PEG ratio of 2.00 and a beta of 0.42. First Hawaiian Bank has a 1-year low of $26.30 and a 1-year high of $32.36.

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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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