First Hawaiian Inc. (NASDAQ:FHB) finished Friday with an addition of $0.23 to close at $29.64, an upside of 0.78 percent. An average of 472,760 shares of common stock have been traded in the last five days. There was a gain of $1.02 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 496,140 shares traded, while the 50-day average volume stands at 526,122.
FHB stock has increased by 4.04% in the last month. The company shares reached their 1-month lowest point of $27.12 on 09/23/21. With the stock rallying to its 52-week high on 03/18/21, shares of the company touched a low of $16.12 and a high of $30.80 in 52 weeks. It has reached a new high 17 times so far this year and achieved 25.70% or $6.06 in price. In spite of this, the price is down -3.77% from the 52-week high.
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First Hawaiian Inc. (FHB) has a trailing price-to-earnings (P/E) ratio of 14.23, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, First Hawaiian Inc.’s PE ratio has ranged between 24.40 and 7.281. The stock’s beta is 1.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.88, the price-to-book (PB) ratio at 1.40, and the price-to-cash flow ratio at 19.89.
First Hawaiian Inc. pays a $1.04 dividend per share annually. It offers a dividend yield of 3.51%. The company has a payout ratio of 49.70%. The company’s most recent quarterly dividend payment took place on Sep. 3, and it was $0.26 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.02 reported on Friday January 25 2019.Dividends have grown by 18.18% each year over the last three years.
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $535.73 million compared to revenue of $582.76 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, First Hawaiian Inc.’s return on assets was 1.20%. For the broader industry, ROE averaged 11.10 over the past year.
The analyst consensus anticipated First Hawaiian Inc.’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.68, a 44.70% surprise. At the end of the quarter ending June 29, First Hawaiian Inc.’s stock balance sheet showed total debt was $207.4 million. Shareholders own equity worth $129.59 million.
From a technical analysis perspective, let’s take a brief look at First Hawaiian Inc. (FHB) price momentum. RSI 9-day as of the close on 22 October was 64.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.01%.
As of today, FHB’s price is $29.23 +3.56% or $1.02 from its 5-day moving average. FHB is currently trading +3.49% higher than its 20-day SMA and +4.51% higher than its 100-day SMA. However, the stock’s current price level is +5.29% above the SMA50 and +15.74% above the SMA200.
The stochastic %K and %D were 80.16% and 71.43%, respectively, and the average true range (ATR) was 0.66. With the 14-day stochastic at 81.13% and the average true range at 0.67, the RSI (14) stands at 61.31%. The stock has reached 0.70 on the 9-day MACD Oscillator while the 14-day reading was at 0.55.
BofA Securities downgraded First Hawaiian Inc. (NASDAQ: FHB) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for First Hawaiian Inc. (FHB) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell FHB, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is FHB’s price target for the next 12 months?
Analysts predict a range of price targets between $27.00 and $33.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for First Hawaiian Inc. (FHB) stock is $29.43.