First Hawaiian, Inc. (NASDAQ:FHB) Plans $0.26 Quarterly Dividend

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.26 per share by the bank on Friday, February 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, February 14th.

First Hawaiian has a dividend payout ratio of 49.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Hawaiian to earn $2.15 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 48.4%.

First Hawaiian Trading Down 1.8 %

Shares of FHB opened at $27.25 on Wednesday. The stock’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $25.16. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80. The company has a market capitalization of $3.49 billion, a PE ratio of 15.25, a PEG ratio of 3.39 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts predict that First Hawaiian will post 1.95 EPS for the current fiscal year.

Analyst Ratings Changes

FHB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Barclays lifted their target price on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Piper Sandler increased their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Stephens began coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price target for the company. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $29.00.

First Hawaiian Company Profile

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.