Stock on Demand This Week: First Hawaiian Inc. (FHB)

First Hawaiian Inc. (NASDAQ:FHB) saw an upside of 0.89% to close Friday at $29.61 after adding $0.26 on the day. The 5-day average trading volume is 647,300 shares of the company’s common stock. It has gained $30.06 in the past week and touched a new high 2 times within the past 5 days. An average of 668,780 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 548,652.

FHB’s 1-month performance is 7.56% or $2.08 on its low of $25.75 reached on 09/20/21. The company’s shares have touched a 52-week low of $14.15 and high of $30.80, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, FHB has achieved 25.57% or $6.03 and has reached a new high 17 times. However, the current price is down -3.86%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 24.40 and a low of 7.281. FHB stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.88 while the price-to-book (PB) in the most recent quarter is 1.40, with the price to cash flow ratio at 19.91.

First Hawaiian Inc. pays an annual dividend of $1.04 per share. Its dividend yield is 3.51% and the payout ratio is 49.70%. FHB’s most recent quarterly dividend payment was made on Sep. 3, when it paid $0.26 a share compared with prior rate of $0.26, down 0.0% from last year’s. The company has boosted its dividend for the last 4 consecutive years with the latest dividend increase of $0.02 reported on Friday January 25 2019. Measured over the last 3 years, the Dividend has been growing by 18.18% yearly.

It is projected that First Hawaiian Inc.’s next ex-dividend date will be on 23-Nov. FHB is expected to distribute $0.26 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. The firm’s gross profit as reported stood at $535.73 million against revenue of $582.76 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. First Hawaiian Inc.’s return on assets over the past 12 months stands at 1.20%. Return on investment over the past year is 17.40%, while its return on equity (ROE) trailing 12 months is 10.00%. In comparison, the average ROE for the broader industry over the past year is 9.30.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FHB to announce $0.47 per share in earnings in its latest quarter, but it posted $0.67, representing a 42.60% surprise. FHB stock balance sheet for the quarter ending June 29 shows that, with total debt at $207.4 million

Technical Picture

Let’s look briefly at First Hawaiian Inc. (FHB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 69.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.17%.

The stock’s 5-day moving average is $29.54, reflecting a +3.39% or $0.97 change from its current price. FHB is currently trading +7.79% above its 20-day SMA, +4.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.02% and +25.57% respectively.

Stochastic %K and %D was 88.09% and 87.69% and the average true range (ATR) pointed at 0.76. The RSI (14) points at 65.49%, while the 14-day stochastic is at 89.56% with the period’s ATR at 0.72. The stock’s 9-day MACD Oscillator is pointing at 0.89 and 1.61 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for First Hawaiian Inc. (NASDAQ: FHB), Raymond James launched coverage with a Mkt perform rating. Analysts offering their rating for FHB stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate FHB as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is FHB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $27.00 and a high of $33.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for First Hawaiian Inc. (FHB) stock is $29.29.

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