As of Friday close, First Hawaiian Inc.’s (NASDAQ:FHB) stock was down -$0.24, moving down -1.23 percent to $19.22. The average number of shares traded per day over the past five days has been 832,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.91 fall in that time frame. In the last twenty days, the average volume was 872,565, while in the previous 50 days, it was 867,462.
Since last month, FHB stock retreated -9.34%. Shares of the company fell to $18.50 on 08/16/23, the lowest level in the past month. A 52-week high of $28.28 was reached on 02/03/23 after having rallying from a 52-week low of $15.08. Since the beginning of this year, FHB’s stock price has dropped by -26.19% or -$6.82, and marked a new high 10 times. However, the stock has declined by -32.03% since its 52-week high.
FHB stock investors should be aware that First Hawaiian Inc. (FHB) stock had its last reported insider trading activity 156 days ago on Mar 16. Harrison Robert S, the CHAIRMAN, PRESIDENT AND CEO of the company, purchased of 23,500 shares for $21.61 on Mar 16. It resulted in a $507,786 investment by the insider.
Valuation Metrics
Right now, First Hawaiian Inc. (FHB) has a P/E ratio of about 8.84. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 3.04, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 5.64 may also be considered.
The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26. On Friday January 25 2019, a $0.02 dividend increase was announced.
Financial Health
In the year ended June 29, operating margins totaled 78.30%. Based on annual data, FHB earned $613.55 million in gross profit and brought in $663.22 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.20%. Return on equity (ROE) for the past 12 months was 12.10%.
In First Hawaiian Inc.’s quarter-end financial report for June 29, it reported total debt of $500.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected First Hawaiian Inc. to report $0.5 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by -2.00%. The value of shareholders’ equity is $127.61 million.
Technical Picture
This quick technical analysis looks at First Hawaiian Inc.’s (FHB) price momentum. With a historical volatility rate of 38.87%, the RSI 9-day stood at 40.22% on 18 August.
With respect to its five-day moving average, the current First Hawaiian Inc. price is down by -4.52% percent or -$0.91. At present, FHB shares trade -8.21% below its 20-day simple moving average and -8.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.33% below its SMA50 and -24.86% below its SMA200.
Stochastic coefficient K was 22.24% and Stochastic coefficient D was 12.47%, while ATR was 0.69. Given the Stochastic reading of 32.58% for the 14-day period, the RSI (14) reading has been calculated as 43.73%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.83.
Analyst Ratings
JP Morgan upgraded its rating on First Hawaiian Inc. (NASDAQ: FHB) to a Neutral in a note to investors on December 13, 2022. The analysts firm previously had an Underweight rating on the stock.First Hawaiian Inc. (FHB) has been rated Hold by analysts. According to 1 brokerage firm, FHB is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate First Hawaiian Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $17.00 – $22.00. Based on these forecasts, analysts predict First Hawaiian Inc. (FHB) will achieve an average price target of $20.50.
