First Hawaiian Inc. (NASDAQ:FHB) finished Friday with a subtraction of -$0.3 to close at $20.13, a downside of -1.47 percent. An average of 544,600 shares of common stock have been traded in the last five days. There was a fall of -$0.19 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 926,515 shares traded, while the 50-day average volume stands at 873,152.
FHB stock has increased by 3.23% in the last month. The company shares reached their 1-month lowest point of $18.85 on 07/14/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $15.08 and a high of $28.28 in 52 weeks. It has reached a new high 10 times so far this year and lost -22.70% or -$5.91 in price. In spite of this, the price is down -28.81% from the 52-week high.
Valuation Metrics
First Hawaiian Inc. (FHB) has a trailing price-to-earnings (P/E) ratio of 9.26. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.13, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 9.01.
The company has a payout ratio of 49.90%. The company’s most recent quarterly dividend payment was $0.26 a share, without any change from last year. Its latest increase dividend $0.02 reported on Friday January 25 2019.
Financial Health
Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.21 for the quarter ending June 29. Its gross profit as reported stood at $613.55 million compared to revenue of $663.22 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 1.10%.
Earnings Surprise
For the three-month period that ended June 29, First Hawaiian Inc. had $500.0 million in total debt. The analyst consensus anticipated First Hawaiian Inc.’s latest quarter earnings to come in at $0.5 per share, but it turned out to be $0.49, a -2.00% surprise. At the end of the quarter ending June 29, First Hawaiian Inc.’s stock balance sheet showed total debt was $531.62 million. Shareholders own equity worth $127.61 million.
Technical Picture
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 11 August was 43.84%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.08%.
As of today, FHB’s price is $20.35 -0.94% or -$0.19 from its 5-day moving average. FHB is currently trading +4.63% higher than its 20-day SMA and -5.18% lower than its 100-day SMA. However, the stock’s current price level is +22.07% above the SMA50 and -22.81% below the SMA200.
The stochastic %K and %D were 24.15% and 25.64%, respectively, and the average true range (ATR) was 0.66. With the 14-day stochastic at 19.34% and the average true range at 0.68, the RSI (14) stands at 49.24%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.
Analyst Ratings
JP Morgan upgraded First Hawaiian Inc. (NASDAQ: FHB) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for First Hawaiian Inc. (FHB) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FHB, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 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 $17.00 and $22.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for First Hawaiian Inc. (FHB) stock is $20.50.
