First Hawaiian INC’s filing revealed that its VICE CH & CHIEF OPERATING OFCR Dods Christopher L unloaded Company’s shares for reported $88513.0 on Dec 01 ’23. In the deal valued at $20.35 per share,4,350 shares were sold. As a result of this transaction, Dods Christopher L now holds 52,583 shares worth roughly $1.16 million.
Barclays initiated its First Hawaiian INC [FHB] rating to an Equal weight in a research note published on March 08, 2024; the price target was $25. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Equal weight” to “an Underweight”. JP Morgan also remained covering FHB and has increased its forecast on December 13, 2022 with a “Neutral” recommendation from previously “an Underweight” rating. Keefe Bruyette revised its rating on April 25, 2022. It rated FHB as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FHB
On Tuesday, First Hawaiian INC [NASDAQ:FHB] saw its stock jump 1.84% to $22.11. Over the last five days, the stock has gained 4.39%. First Hawaiian INC shares have fallen nearly -3.28% since the year began. Nevertheless, the stocks have risen 9.35% over the past one year. While a 52-week high of $23.22 was reached on 01/02/24, a 52-week low of $15.08 was recorded on 03/01/24. SMA at 50 days reached $21.34, while 200 days put it at $20.07. A total of 0.53 million shares were traded, compared to the trading of 0.72 million shares in the previous session.
Levels Of Support And Resistance For FHB Stock
The 24-hour chart illustrates a support level at 21.84, which if violated will result in even more drops to 21.58. On the upside, there is a resistance level at 22.25. A further resistance level may holdings at 22.40. The Relative Strength Index (RSI) on the 14-day chart is 61.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.64%. Stochastics %K at 60.69% 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 Mar 28, 2024, dropping by 50000.0 shares to a total of 2.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 3.02 million shares. There was a decline of -1.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.60% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.52.
