First Hawaiian INC (FHB) stock expected to rise by 7.44%: What’s driving the optimism?

A share price of First Hawaiian INC [FHB] is currently trading at $24.20, up 2.41%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FHB shares have gain 6.98% over the last week, with a monthly amount glided 3.15%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

First Hawaiian INC [NASDAQ: FHB] stock has seen the most recent analyst activity on July 29, 2024, when JP Morgan downgraded its rating to a Underweight but kept the price target unchanged to $24 for it. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $25. On January 05, 2024, downgrade downgraded it’s rating to Underweight but maintained its price target of $18 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $26 on December 13, 2022. Keefe Bruyette downgraded its rating to a Mkt Perform but $34 remained the price target by the analyst firm on April 25, 2022. Compass Point downgraded its rating to Neutral for this stock on January 24, 2022, but kept the price target unchanged to $29. In a note dated October 08, 2021, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $33.

First Hawaiian INC experienced fluctuations in its stock price throughout the past year between $17.18 and $26.18. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. First Hawaiian INC [NASDAQ: FHB] shares were valued at $24.20 at the most recent close of the market. An investor can expect a potential return of 7.44% based on the average FHB price forecast.

Analyzing the FHB fundamentals

Trailing Twelve Months sales for First Hawaiian INC [NASDAQ:FHB] were 1.19B which represents 7.07% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.64 points at the first support level, and at 23.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.70, and for the 2nd resistance point, it is at 25.20.

Ratios To Look Out For

To put it in perspective, the Current Ratio for First Hawaiian INC [NASDAQ:FHB] is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.61, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 13.97.

Transactions by insiders

Recent insider trading involved Dods Christopher L, VICE CH & CHIEF OPERATING OFCR, that happened on Dec 01 ’23 when 4350.0 shares were sold.

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