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FHB (First Hawaiian INC) may reap gains as insiders became active recently

In a filing, First Hawaiian INC revealed 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 $1.18 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 1.22% to $22.38. Over the last five days, the stock has gained 2.01%. First Hawaiian INC shares have fallen nearly -2.10% since the year began. Nevertheless, the stocks have risen 43.28% over the past one year. While a 52-week high of $23.22 was reached on 01/02/24, a 52-week low of $15.68 was recorded on 04/18/24. SMA at 50 days reached $21.47, while 200 days put it at $20.32. A total of 0.32 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For FHB Stock

The 24-hour chart illustrates a support level at 22.20, which if violated will result in even more drops to 22.02. On the upside, there is a resistance level at 22.48. A further resistance level may holdings at 22.58. The Relative Strength Index (RSI) on the 14-day chart is 62.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.96%. Stochastics %K at 75.08% indicates the stock is a holding.

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