First Hawaiian, Inc. (FHB) to Issue Quarterly Dividend of $0.26 on November 29th

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.26 per share by the bank on Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, November 18th.

First Hawaiian has a payout ratio of 63.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect First Hawaiian to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 63.4%.

First Hawaiian Stock Down 0.1 %

NASDAQ FHB opened at $27.20 on Friday. The company has a 50-day simple moving average of $24.24 and a two-hundred day simple moving average of $22.90. First Hawaiian has a 12-month low of $18.77 and a 12-month high of $28.38. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 15.54 and a beta of 0.96.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FHB shares. Piper Sandler boosted their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their price target on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Barclays upped their price objective on First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $24.33.

About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.