First Hawaiian Inc. (FHB) Becoming More Attractive for Investors


First Hawaiian Inc.’s recently made public that its CHAIRMAN, PRESIDENT AND CEO Harrison Robert S acquired Company’s shares for reported $0.51 million on Mar 16. In the deal valued at $21.61 per share,23,500 shares were bought. As a result of this transaction, Harrison Robert S now holds 350,449 shares worth roughly $ 6.77 million.

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JP Morgan upgraded its First Hawaiian Inc. [FHB] rating to a Neutral from a an Underweight in a research note published on Friday. PT values the company’s stock at a premium of 25.73 to its Friday closing price.

Price Performance Review of FHB

On Friday, First Hawaiian Inc. [NASDAQ:FHB] saw its stock jump 2.12% to $19.31. On the same session, the stock had its day’s lowest price of $19.07, but rose to a high of $19.47. Over the last five days, the stock has gained 3.37%. First Hawaiian Inc. shares have fallen nearly -25.84% since the year began. Nevertheless, the stocks have fallen -24.89% over the past one year. While a 52-week high of $28.28 was reached on 02/03/23, a 52-week low of $15.08 was recorded on 05/12/23. SMA at 50 days reached $19.55, while 200 days put it at $21.94. A total of 0.51 million shares were traded, compared to the trading of 0.63 million shares in the previous session.

Levels Of Support And Resistance For FHB Stock

The 24-hour chart illustrates a support level at 19.10, which if violated will result in even more drops to 18.88. On the upside, there is a resistance level at 19.50. A further resistance level may holdings at 19.68. The Relative Strength Index (RSI) on the 14-day chart is 49.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.67%. Stochastics %K at 47.23% indicates the stock is a holding.

How much short interest is there in First Hawaiian Inc.?

A steep rise in short interest was recorded in First Hawaiian Inc. stocks on Aug 14, 2023, dropping by -1.7 million shares to a total of 6.23 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.93 million shares. There was a decline of -27.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.60% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.86.

First Hawaiian Inc. [FHB] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 15,660,484 shares, or roughly 12.27% of the outstanding FHB shares. In other words, the investor’s shares have fallen by -448,087 from its previous 13-F filing of 16108571.0. Additionally, The Vanguard Group, Inc. decreased -0.33% of its stake after which the total value it holdings stand at $299,799,941, while Kayne Anderson Rudnick Investment reduced -0.50% of its stake to hold $288.98 million in the firm. Over the last quarter, Manulife Investment Management purchased 2,359,836 shares of First Hawaiian Inc., while American Century Investment Manag bought -513,454 shares. At present, Fuller & Thaler Asset Management, is holding 6,794,255 shares valued at $140.57 million. SSgA Funds Management, Inc. owned 6,139,948 shares of the company at the time of its most recent 13F filing, worth $127.04 million.

According to FactSet, First Hawaiian Inc.’s share price will average $20.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.05 percent from its previous closing price of $18.91. Analysts expect First Hawaiian Inc. stock to reach the higher price of $22.00, while the lowest price estimate is $17.00. However, 7 analysts have rated FHB stock as a Hold in their predictions for 2023.


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