First Hawaiian INC (NASDAQ: FHB) is -11.21% lower on its value in year-to-date trading and has touched a low of $19.48 and a high of $28.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FHB stock was last observed hovering at around $23.48 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $23.04, the stock is 1.09% and -6.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -1.87% at the moment leaves the stock -7.53% off its SMA200. FHB registered 6.32% gain for a year compared to 6-month gain of -2.54%. The firm has a 50-day simple moving average (SMA 50) of $24.6074 and a 200-day simple moving average (SMA200) of $24.91595.
The stock witnessed a -7.80% loss in the last 1 month and extending the period to 3 months gives it a -11.86%, and is 3.55% 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 3.57% over the week and 4.30% over the month.
First Hawaiian INC (FHB) has around 2000 employees, a market worth around $2.91B and $1.16B in sales. Current P/E ratio is 12.54 and Fwd P/E is 11.01. Profit margin for the company is 20.27%. Distance from 52-week low is 18.28% and -20.00% from its 52-week high. The company has generated returns on investments over the last 12 months (8.80%).
The EPS is expected to grow by 1.66% this year
351.0 institutions hold shares in First Hawaiian INC (FHB), with institutional investors hold 103.14% of the company’s shares. The shares outstanding are 126.42M, and float is at 125.45M with Short Float at 3.98%. Institutions hold 102.52% 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 12.7211 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 11.2799 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 13.15 million shares representing 10.2868 and valued at over $273.07 million, while MANUFACTURERS LIFE INSURANCE COMPANY, THE holds 8.2133 of the shares totaling 10.5 million with a market value of $218.02 million.
