The stock price of First Hawaiian INC (NASDAQ: FHB) has plunged by -0.05 when compared to previous closing price of 20.54, but the company has seen a -2.66% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-05 that HONOLULU, April 05, 2024 (GLOBE NEWSWIRE) — First Hawaiian, Inc. (NASDAQ: FHB) announced today that it plans to release its first quarter 2024 financial results on Friday, April 26, 2024 before the market opens. First Hawaiian will host a conference call to discuss the company’s results on the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time).
Is It Worth Investing in First Hawaiian INC (NASDAQ: FHB) Right Now?
The price-to-earnings ratio for First Hawaiian INC (NASDAQ: FHB) is above average at 11.18x, Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for FHB is 126.92M, and currently, short sellers hold a 2.34% ratio of that floaft. The average trading volume of FHB on April 19, 2024 was 662.86K shares.
FHB’s Market Performance
The stock of First Hawaiian INC (FHB) has seen a -2.66% decrease in the past week, with a -2.47% drop in the past month, and a -3.80% fall in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 2.15% for FHB. The simple moving average for the past 20 days is -3.73% for FHB’s stock, with a 1.86% simple moving average for the past 200 days.
Analysts’ Opinion of FHB
Many brokerage firms have already submitted their reports for FHB stocks, with Barclays repeating the rating for FHB by listing it as a “Equal Weight.” The predicted price for FHB in the upcoming period, according to Barclays is $25 based on the research report published on March 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see FHB reach a price target of $18. The rating they have provided for FHB stocks is “Underweight” according to the report published on January 05th, 2024.
JP Morgan gave a rating of “Neutral” to FHB, setting the target price at $26 in the report published on December 13th of the previous year.
FHB Trading at -3.29% from the 50-Day Moving Average
After a stumble in the market that brought FHB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.58% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -5.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.77% lower at present.
During the last 5 trading sessions, FHB fell by -2.66%, which changed the moving average for the period of 200-days by +10.50% in comparison to the 20-day moving average, which settled at $21.27. In addition, First Hawaiian INC saw -10.19% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FHB starting from Dods Christopher L, who sale 4,350 shares at the price of $20.35 back on Dec 01 ’23. After this action, Dods Christopher L now owns 52,583 shares of First Hawaiian INC, valued at $88,513 using the latest closing price.
Stock Fundamentals for FHB
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 1.0 for the gross margin
The net margin for First Hawaiian INC stands at 0.26. The total capital return value is set at 0.05. Equity return is now at value 9.88, with 0.95 for asset returns.
Based on First Hawaiian INC (FHB), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 2.52.
Currently, EBITDA for the company is 18.59 million with net debt to EBITDA at -3.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.6. The receivables turnover for the company is 1.95for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In a nutshell, First Hawaiian INC (FHB) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
