Market Insight: First Hawaiian INC (FHB)’s Notable Drop, Closing at 22.93

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In the latest session, First Hawaiian INC (NASDAQ: FHB) closed at $22.93 down -3.41% from its previous closing price of $23.74. In other words, the price has decreased by -$3.41 from its previous closing price. On the day, 0.74 million shares were traded. FHB stock price reached its highest trading level at $23.855 during the session, while it also had its lowest trading level at $22.875.

Ratios:

For a deeper understanding of First Hawaiian INC’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.00.

On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $25.

Wells Fargo Downgraded its Equal Weight to Underweight on January 05, 2024, while the target price for the stock was maintained at $18.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 01 ’23 when Dods Christopher L sold 4,350 shares for $20.35 per share. The transaction valued at 88,513 led to the insider holds 52,583 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHB now has a Market Capitalization of 2932425984 and an Enterprise Value of 2418624512. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.24, and their Forward P/E ratio for the next fiscal year is 13.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 16.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 3.012.

Stock Price History:

Over the past 52 weeks, FHB has reached a high of $26.18, while it has fallen to a 52-week low of $17.18. The 50-Day Moving Average of the stock is -3.76%, while the 200-Day Moving Average is calculated to be 4.40%.

Shares Statistics:

For the past three months, FHB has traded an average of 691.04K shares per day and 741410 over the past ten days. A total of 127.62M shares are outstanding, with a floating share count of 127.12M. Insiders hold about 0.60% of the company’s shares, while institutions hold 99.00% stake in the company. Shares short for FHB as of 1724976000 were 4615817 with a Short Ratio of 6.68, compared to 1722384000 on 4689694. Therefore, it implies a Short% of Shares Outstanding of 4615817 and a Short% of Float of 5.58.

Dividends & Splits

According to the company, the forward annual dividend rate for FHB is 1.04, from 1.04 in the trailing year. Against a Trailing Annual Dividend Yield of 0.043807916The stock’s 5-year Average Dividend Yield is 4.6.

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