First Hawaiian Inc. [NASDAQ: FHB] will report earnings after markets close on Friday, January 22nd.
FHB Earnings Forecast For The Current Quarter
First Hawaiian Inc. [FHB] is expected to report weak earnings results for the quarter ending in Dec 2020. Consensus estimates give the company expected revenues of $184.38M and earnings per share of $0.44 for Dec 2020. Looking further ahead, the company is expected to report revenue of $180.54M at an EPS of $0.4 for Mar 2021. The estimates represent a downside of -1.40% and 10.82% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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FHB Earnings Estimates For The Current Year
For the financial year, First Hawaiian Inc. [NASDAQ: FHB] is expected to bring in revenue of $729.01M. The returns are nearly $-36.92 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for 2020, the estimate put it at 1.39, lower than that of FY19 by -$0.8. Estimates put this year’s earnings growth at -36.50%, 11.50% for the next, and at an annual 0.80% over the next 5-year period. As for sales, forecasts are for a decrease of -4.80% in the current fiscal year and a further -1.40% over the following year.
FHB Price Performance
On Wall Street, First Hawaiian Inc. [NASDAQ: FHB] finished Wednesday’s session down -0.92% at $25.90. The stock went up to $26.25 at the same session while its lowest single-day price was $25.54. In the last five days, it saw a rise of about 0.50%, First Hawaiian Inc. shares gained by almost 9.84% since the beginning of the year. However, the share price has dropped to as low as -17.12% below its one year high. On 01/20/21, the company shares recorded $26.25, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/04/21, the same year at $23.19. The company’s shares have declined by -9.77% in the past year. The 50-day SMA achieved is $23.18 while the 200-day SMA is $18.24. Volume dropped to 0.67 million from 0.84 million in the previous session.
First Hawaiian Inc. [FHB] Valuation Measures
Notably, First Hawaiian Inc. [FHB] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase as soonest possible with the prevailing 12-month PE ratio of 17.61. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider the historical price-sales ratio, more specifically, a 5.71 PS value ratio is reported for the last year of reported earnings. That is higher than the industry average of 2.51 which means FHB serves an unattractive investment opportunity compared to its competitors.
FHB Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 25.90 level, and in case of violation of this particular level, it will cause more drop to 25.54 level. On the upper level, 26.96 is still the key resistance. The stock may increase to the subsequent resistance at 26.61. The Relative Strength Index (RSI) pinned on the 14-day chart is 64.70, implying a neutral technical stance while the MACD stands at 0.85, meaning the price will decrease in the next trading period. Percent R indicator moved to 9.50%, implying bullish price movement. Stochastic %K at 90.86% suggest selling the stock.
Is First Hawaiian Inc. [NASDAQ: FHB] a Good Buy Right Now?
It should be noted that FHB technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from First Hawaiian Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.63 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.77 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.98 million shares.
What is the short interest in First Hawaiian Inc.?
Short interest in the First Hawaiian Inc. stock has surged, increasing by 0.77 million shares to a total of 5.62 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020, stand at 6.39 million, data from Yahoo Finance shows. The decrease of -13.7% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 4.31% of the overall float for the stock.
First Hawaiian Inc.’s Biggest Shareholders: Who Owns First Hawaiian Inc. [FHB]?
Filings by Kayne Anderson Rudnick Investment showed that the firm now holds a total of 15,349,460 shares or roughly 11.74% of the outstanding FHB shares. This means their shares have reduced by -112,716 from the 15,349,460 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $346,623,218. Details in the latest 13F filings reveal that The Vanguard Group, Inc. acquired their 7.63% stake valued at $315,345,244 while Manulife Investment Management added theirs at $147,908,898. During the last quarter, The Vanguard Group, Inc. raised 948,541 of its shares in First Hawaiian Inc. while Manulife Investment Management bought 846,167 shares. The Fuller & Thaler Asset Management,’s holdings currently number 5,084,391 shares at $131685726.9. According to the firm’s last 13F report, JPMorgan Investment Management, shares in the company at filing stood at 4,989,990 shares, roughly $117,663,964.
What are analyst thoughts on First Hawaiian Inc.?
Looking forward to the First Hawaiian Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for First Hawaiian Inc. stock at $23.00 within the next 12 months, which represents almost -12.61 percent growth from its previous closing price of $25.90. The highest analysts’ target for First Hawaiian Inc. stock projections is $28.00 and the lowest one is $18.00. Still, 8 analysts sharing their consensus rating for FHB stock in 2021 agree that it is an Underweight.