The Chairman of the Board of First Hawaiian, Inc. (NASDAQ:FHB), Robert Harrison, Just Bought 8.9% More Shares

First Hawaiian, Inc. (NASDAQ:FHB) shareholders (or potential shareholders) will be happy to see that the Chairman of the Board, Robert Harrison, recently bought a whopping US$508k worth of stock, at a price of US$21.61. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 8.9%.

Check out our latest analysis for First Hawaiian

The Last 12 Months Of Insider Transactions At First Hawaiian

In fact, the recent purchase by Robert Harrison was the biggest purchase of First Hawaiian shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$22.35 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for First Hawaiian share holders is that an insider was buying at near the current price. Robert Harrison was the only individual insider to buy during the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

First Hawaiian is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of First Hawaiian

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that First Hawaiian insiders own 0.5% of the company, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At First Hawaiian Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest First Hawaiian insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing First Hawaiian. While conducting our analysis, we found that First Hawaiian has 1 warning sign and it would be unwise to ignore it.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.