First Hawaiian INC (NASDAQ: FHB) is 4.11% higher on its value in year-to-date trading and has touched a low of $17.18 and a high of $26.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FHB stock was last observed hovering at around $24.20 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $23.80, the stock is 0.60% and 0.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing -1.65% at the moment leaves the stock 8.52% off its SMA200. FHB registered 29.42% gain for a year compared to 6-month gain of 9.43%.
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The stock witnessed a 2.59% loss in the last 1 month and extending the period to 3 months gives it a 18.70%, and is 2.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.00% over the week and 2.56% over the month.
First Hawaiian INC (FHB) has around 2000 employees, a market worth around $3.04B and $1.19B in sales. Current P/E ratio is 13.74 and Fwd P/E is 13.81. Profit margin for the company is 18.72%. Distance from 52-week low is 38.53% and -9.09% from its 52-week high. The company has generated returns on investments over the last 12 months (8.70%).
The EPS is expected to shrink by -3.33% this year.
First Hawaiian INC (FHB) Top Institutional Holders
328.0 institutions hold shares in First Hawaiian INC (FHB), with institutional investors hold 101.91% of the company’s shares. The shares outstanding are 127.62M, and float is at 127.12M with Short Float at 3.63%. Institutions hold 101.33% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.27 million shares valued at $337.69 million. The investor’s holdings represent 12.7371% of the FHB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.42 million shares valued at $299.43 million to account for 11.2941 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 13.15 million shares representing 10.2997% and valued at over $273.07 million, while MANUFACTURERS LIFE INSURANCE COMPANY, THE holds 8.2236 of the shares totaling 10.5 million with a market value of $218.02 million.
First Hawaiian INC (FHB) Insider Activity
The most recent transaction is an insider sale by Dods Christopher L, the company’s VICE CH & CHIEF OPERATING OFCR. SEC filings show that Dods Christopher L sold 4,350 shares of the company’s common stock on Dec 01 ’23 at a price of $20.35 per share for a total of $88513.0. Following the sale, the insider now owns 52583.0 shares.
