First Hawaiian Inc. [NASDAQ: FHB] stock went on a downward path that fall over -2.64% on Tuesday, amounting to a one-week price decrease of less than -3.00%. The company report on July 24, 2020 that First Hawaiian, Inc. Reports Second Quarter 2020 Financial Results and Declares Dividend.
First Hawaiian, Inc. (NASDAQ:FHB), (First Hawaiian or the Company) today reported financial results for its quarter ended June 30, 2020.
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I am very proud of our teams extraordinary efforts to manage through the pandemics disruption with agility and resilience while ensuring the health and safety of their co-workers, customers and community, said Bob Harrison, Chairman, President and CEO. During this difficult time for our local economy, we focused our efforts on creating stability by offering relief assistance to customers and support to the community. Our teams leveraged technology investments to develop an online application portal that enabled us to secure over $940 million in PPP loans for 6,000 small business customers. We also successfully launched the Aloha for Hawaii Fund, which supported the restaurant industry, and donated $1 million to non-profits for COVID-19 relief. Another $1 million was donated to the Stronger Together Fund to support the 2020 public high school graduates as they transition to the next phase of their lives.
Over the last 12 months, FHB stock dropped by -43.45%. The one-year First Hawaiian Inc. stock forecast points to a potential upside of 12.68. The average equity rating for FHB stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.02 billion, with 129.86 million shares outstanding and 129.08 million shares in the current float. Compared to the average trading volume of 1.75M shares, FHB stock reached a trading volume of 1757139 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on First Hawaiian Inc. [FHB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FHB shares is $17.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FHB stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for First Hawaiian Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 07, 2020. The new note on the price target was released on June 29, 2020, representing the official price target for First Hawaiian Inc. stock.
The Average True Range (ATR) for First Hawaiian Inc. is set at 0.59, with the Price to Sales ratio for FHB stock in the period of the last 12 months amounting to 3.19. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 14.27. Price to Free Cash Flow for FHB in the course of the last twelve months was 22.08.
FHB Stock Performance Analysis:
First Hawaiian Inc. [FHB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.00. With this latest performance, FHB shares dropped by -14.41% in over the last four-week period, additionally sinking by -21.28% over the last 6 months – not to mention a drop of -43.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FHB stock in for the last two-week period is set at 40.06, with the RSI for the last a single of trading hit 34.31, and the three-weeks RSI is set at 41.35 for First Hawaiian Inc. [FHB]. The present Moving Average for the last 50 days of trading for this stock 16.77, while it was recorded at 15.67 for the last single week of trading, and 20.74 for the last 200 days.
Insight into First Hawaiian Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and First Hawaiian Inc. [FHB] shares currently have an operating margin of +44.21. First Hawaiian Inc.’s Net Margin is presently recorded at +32.24.
Return on Total Capital for FHB is now 12.17, given the latest momentum, and Return on Invested Capital for the company is 9.48. Return on Equity for this stock inclined to 11.01, with Return on Assets sitting at 1.39. When it comes to the capital structure of this company, First Hawaiian Inc. [FHB] has a Total Debt to Total Equity ratio set at 24.41. Additionally, FHB Total Debt to Total Capital is recorded at 19.62, with Total Debt to Total Assets ending up at 3.19. Long-Term Debt to Equity for the company is recorded at 8.92, with the Long-Term Debt to Total Capital now at 7.17.
Reflecting on the efficiency of the workforce at the company, First Hawaiian Inc. [FHB] managed to generate an average of $135,425 per employee.
FHB Stock EPS
With the latest financial reports released by the company, First Hawaiian Inc. posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FHB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Hawaiian Inc. go to 0.80%.
First Hawaiian Inc. [FHB] Insider Position Details
There are presently around $2,020 million, in the hands of institutional investors. The top three institutional holders of FHB stocks are: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with ownership of 15,462,176, which is approximately 59.188% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 12,607,188 shares of the stock with an approximate value of $195.41 million in FHB stocks shares; and BLACKROCK INC., currently with $89.53 million in FHB stock with ownership of nearly -8.38% of the company’s market capitalization.
Positions in First Hawaiian Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 125 institutional holders increased their position in First Hawaiian Inc. [NASDAQ:FHB] by around 16,919,218 shares. Additionally, 112 investors decreased positions by around 15,473,348 shares, while 16 investors held positions by with 97,954,120 shares. The mentioned changes placed institutional holdings at 130,346,686 shares, according to the latest SEC report filing. FHB stock had 37 new institutional investments in for a total of 1,346,232 shares, while 38 institutional investors sold positions of 1,189,300 shares during the same period.