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.
First Hawaiian Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$26.65|
|52 Week High||US$14.16|
|52 Week Low||US$30.80|
|1 Month Change||-1.08%|
|3 Month Change||-1.37%|
|1 Year Change||71.60%|
|3 Year Change||-5.63%|
|5 Year Change||-0.45%|
|Change since IPO||9.90%|
Recent News & Updates
First Hawaiian Benefiting From An Improved Economy, Still Offering A Reasonable Dividend
First Hawaiian is one of the higher quality regional banks thanks to a leading position in the oligopolistic Hawaiian banking market. Second quarter financial results were helped by lower provision expenses on the back of an improved economic landscape, while underlying loan growth was also positive. The lower interest rate environment is putting pressure on net interest income, though the bank should be a big beneficiary when rates do move higher. While the shares are not standout cheap at 2.1x tangible book value, a circa 3.65% dividend yield is just about attractive enough for income investors.
First Hawaiian (NASDAQ:FHB) Has Re-Affirmed Its Dividend Of US$0.26
The board of First Hawaiian, Inc. ( NASDAQ:FHB ) has announced that it will pay a dividend on the 3rd of September...
|FHB||US Banks||US Market|
Return vs Industry: FHB exceeded the US Banks industry which returned 63.3% over the past year.
Return vs Market: FHB exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: FHB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FHB's weekly volatility (4%) has been stable over the past year.
About the Company
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.
First Hawaiian Fundamentals Summary
|FHB fundamental statistics|
Is FHB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FHB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.09|
|Net Profit Margin||36.88%|
How did FHB perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
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 ($26.65) is trading below our estimate of fair value ($39.12)
Significantly Below Fair Value: FHB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FHB is poor value based on its PE Ratio (12.7x) compared to the US Banks industry average (10.8x).
PE vs Market: FHB is good value based on its PE Ratio (12.7x) compared to the US market (17.8x).
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 overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).
How is First Hawaiian forecast to perform in the next 1 to 3 years based on estimates from 7 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 (-7.6% per year).
Earnings vs Market: FHB's earnings are forecast to decline over the next 3 years (-7.6% 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 (-6% per year).
High Growth Revenue: FHB's revenue is forecast to decline over the next 3 years (-6% 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 (8.4%).
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 (36.9%) are higher than last year (31.4%).
Past Earnings Growth Analysis
Earnings Trend: FHB's earnings have grown by 1.2% per year over the past 5 years.
Accelerating Growth: FHB's earnings growth over the past year (35%) exceeds its 5-year average (1.2% per year).
Earnings vs Industry: FHB earnings growth over the past year (35%) underperformed the Banks industry 36%.
Return on Equity
High ROE: FHB's Return on Equity (9.9%) 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
Financial Institutions Analysis
Asset Level: FHB's Assets to Equity ratio (8.9x) is low.
Allowance for Bad Loans: FHB has a sufficient allowance for bad loans (1899%).
Low Risk Liabilities: 97% of FHB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FHB has an appropriate level of Loans to Assets ratio (53%).
Low Risk Deposits: FHB's Loans to Deposits ratio (62%) is appropriate.
Level of Bad Loans: FHB has an appropriate level of bad loans (0.1%).
What is First Hawaiian current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FHB's dividend (3.9%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: FHB's dividend (3.9%) is in the top 25% of dividend payers in the US market (3.6%)
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.8%), 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 (59.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Harrison (61 yo)
Mr. Robert Scott Harrison, also known as Bob, is Chairman of the Board, President and Chief Executive Officer of First Hawaiian, Inc. and First Hawaiian Bank. Prior to being named Chief Executive Officer i...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD5.65M) is about average for companies of similar size in the US market ($USD5.27M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Experienced Management: FHB's management team is considered experienced (4.4 years average tenure).
Experienced Board: FHB's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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$3.453b
- Shares outstanding: 129.59m
- Website: https://www.fhb.com
Number of Employees
- First Hawaiian, Inc.
- 999 Bishop Street
- 29th Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:11|
|End of Day Share Price||2021/09/17 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.