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.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has First Hawaiian's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FHB's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FHB underperformed the US Banks industry which returned -26.9% over the past year.
Return vs Market: FHB underperformed the US Market which returned -12.7% over the past year.
Price Volatility Vs. Market
How volatile is First Hawaiian's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StA Sliding Share Price Has Us Looking At First Hawaiian, Inc.'s (NASDAQ:FHB) P/E Ratio
2 weeks ago | Simply Wall StHow Does First Hawaiian's (NASDAQ:FHB) P/E Compare To Its Industry, After The Share Price Drop?
4 weeks ago | Simply Wall StWhen Should You Buy First Hawaiian, Inc. (NASDAQ:FHB)?
Is First Hawaiian undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FHB ($16.37) is trading below our estimate of fair value ($36.05)
Significantly Below Fair Value: FHB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FHB is good value based on its PE Ratio (7.7x) compared to the Banks industry average (8.8x).
PE vs Market: FHB is good value based on its PE Ratio (7.7x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: FHB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FHB is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
How is First Hawaiian forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FHB's earnings are forecast to decline over the next 3 years (-8.6% per year).
Earnings vs Market: FHB's earnings are forecast to decline over the next 3 years (-8.6% per year).
High Growth Earnings: FHB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FHB's revenue is expected to decline over the next 3 years (-12.8% per year).
High Growth Revenue: FHB's revenue is forecast to decline over the next 3 years (-12.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FHB's Return on Equity is forecast to be low in 3 years time (9.4%).
How has First Hawaiian performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FHB has high quality earnings.
Growing Profit Margin: FHB's current net profit margins (37.8%) are higher than last year (36.6%).
Past Earnings Growth Analysis
Earnings Trend: FHB's earnings have grown by 5.2% per year over the past 5 years.
Accelerating Growth: FHB's earnings growth over the past year (7.6%) exceeds its 5-year average (5.2% per year).
Earnings vs Industry: FHB earnings growth over the past year (7.6%) underperformed the Banks industry 11%.
Return on Equity
High ROE: FHB's Return on Equity (10.8%) is considered low.
How is First Hawaiian's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FHB has a low level of unsold assets or inventory.
Debt Coverage by Assets: FHB's debt is covered by short term assets (assets are 1.3x debt).
Financial Institutions Analysis
Asset Level: FHB's level of assets compared to its equity is low.
Allowance for Bad Loans: FHB has a sufficient allowance for bad loans.
Low Risk Liabilities: FHB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FHB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FHB's loans are broadly funded by customer deposits.
Level of Bad Loans: FHB has an appropriate level of bad loans (0.04%)
What is First Hawaiian's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FHB's dividend (6.35%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: FHB's dividend (6.35%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FHB has been paying a dividend for less than 10 years.
Growing Dividend: FHB's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.7%), FHB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FHB's dividends in 3 years are forecast to be covered by earnings (53.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Harrison (59yo)
Mr. Robert Scott Harrison, also known as Bob, serves as Director at Bishop Street Capital Management Corp. Mr. Harrison serves as President at First Hawaiian, Inc. since September 2019. He also serves as C ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD6.01M) is above average for companies of similar size in the US market ($USD4.58M).
Compensation vs Earnings: Bob's compensation has increased by more than 20% in the past year.
|Executive VP & CFO||1.5yrs||US$1.58m||0.025% $540.9k|
|Vice Chairman of Wealth Management Group||6.17yrs||US$1.21m||0.023% $486.5k|
|Vice Chairman & Chief Risk Officer||3.67yrs||US$909.94k||0.025% $532.8k|
|Vice Chairman & Chief Lending Officer||no data||US$1.12m||0.0099% $211.0k|
|Strategic Planning & Investor Relations Manager||no data||no data||no data|
|Executive VP & Chief Compliance Officer||no data||no data||no data|
|Executive VP||3.17yrs||no data||no data|
|Executive Vice President of Human Resources Division||no data||no data||no data|
|Executive Vice President of Digital Banking & Marketing Group||4.17yrs||no data||no data|
Experienced Management: FHB's management team is considered experienced (3.9 years average tenure).
|Independent Director||4.17yrs||US$204.26k||0.035% $755.2k|
|Independent Director||1.58yrs||US$178.26k||0.0049% $105.0k|
|Independent Director||4.17yrs||US$179.76k||0.0085% $182.2k|
|Lead Independent Director||4.17yrs||US$250.26k||0.0078% $165.8k|
|Independent Director||1.58yrs||US$174.76k||0.0022% $47.8k|
|Independent Director||1.42yrs||US$176.26k||0.020% $428.7k|
Experienced Board: FHB's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FHB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Hawaiian, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Hawaiian, Inc.
- Ticker: FHB
- Exchange: NasdaqGS
- Founded: 1858
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.134b
- Shares outstanding: 130.35m
- Website: https://www.fhb.com
Number of Employees
- First Hawaiian, Inc.
- 999 Bishop Street
- 29th Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FHB||NasdaqGS (Nasdaq Global Select)||Yes||New Common Stock||US||USD||Aug 2016|
|1HI||DB (Deutsche Boerse AG)||Yes||New Common Stock||DE||EUR||Aug 2016|
|1HI||BRSE (Berne Stock Exchange)||Yes||New Common Stock||CH||CHF||Aug 2016|
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. It also provides residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, and small business loans and leases, commercial lease financing, and auto dealer financing. In addition, the company offers personal installment, credit card, individual investment and financial planning, insurance protection, trust and estate, private banking, retirement planning, treasury, and merchant processing services. As of December 31, 2018, it operated 60 branches Oahu, Maui, Hawaii, Kauai, Guam, and Saipan. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. The company was founded in 1858 and is headquartered in Honolulu, Hawaii. First Hawaiian, Inc. is a subsidiary of BancWest Corporation.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 04:13|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.