First Hawaiian INC (NASDAQ: FHB) has a price-to-earnings ratio of 13.35x that is above its average ratio. Additionally, the 36-month beta value for FHB is 0.96. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for FHB is 127.12M and currently, short sellers hold a 3.77% ratio of that float. The average trading volume of FHB on September 27, 2024 was 690.05K shares.
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FHB) stock’s latest price update
The stock price of First Hawaiian INC (NASDAQ: FHB) has surged by 1.85 when compared to previous closing price of 22.70, but the company has seen a -4.46% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-17 that Shares of First Hawaiian have done okay since my last update, returning around 10% despite the recent pull back in regional bank stocks. The bank is performing about in line with initial guidance. Rate cuts look set to be a modest headwind, though balance sheet dynamics will be a longer-term tailwind. These shares can do okay for longer-term investors, but the near-term outlook remains tepid at best.
FHB’s Market Performance
First Hawaiian INC (FHB) has seen a -4.46% fall in stock performance for the week, with a -3.34% decline in the past month and a 12.95% surge in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.53% for FHB. The simple moving average for the past 20 days is -1.73% for FHB’s stock, with a 5.16% simple moving average for the past 200 days.
Analysts’ Opinion of FHB
Many brokerage firms have already submitted their reports for FHB stocks, with JP Morgan repeating the rating for FHB by listing it as a “Underweight.” The predicted price for FHB in the upcoming period, according to JP Morgan is $24 based on the research report published on July 29, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FHB reach a price target of $25. The rating they have provided for FHB stocks is “Equal Weight” according to the report published on March 08th, 2024.
Wells Fargo gave a rating of “Underweight” to FHB, setting the target price at $18 in the report published on January 05th of the current year.
FHB Trading at -2.81% 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 -11.69% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares sank -3.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.47% lower at present.
During the last 5 trading sessions, FHB fell by -4.46%, which changed the moving average for the period of 200-days by +9.89% in comparison to the 20-day moving average, which settled at $23.48. In addition, First Hawaiian INC saw 1.14% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.43 for the present operating margin
- 1.0 for the gross margin
The net margin for First Hawaiian INC stands at 0.2. The total capital return value is set at 0.05. Equity return is now at value 9.04, with 0.91 for asset returns.
Based on First Hawaiian INC (FHB), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 1.74.
Currently, EBITDA for the company is 18.59 million with net debt to EBITDA at -8.22. When we switch over and look at the enterprise to sales, we see a ratio of 2.15. The receivables turnover for the company is 2.16for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In conclusion, First Hawaiian INC (FHB) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
