First Hawaiian, Inc. (NASDAQ:FHB) to Issue $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 paid 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 of this dividend is Friday, February 14th.

First Hawaiian has a payout ratio of 49.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.8 %

Shares of FHB opened at $27.25 on Wednesday. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a market capitalization of $3.49 billion, a P/E ratio of 15.25, a P/E/G ratio of 3.39 and a beta of 0.99. The company has a 50 day moving average of $26.41 and a 200-day moving average of $25.16.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.37 EPS. On average, sell-side analysts anticipate that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on FHB. Keefe, Bruyette & Woods upped their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Barclays lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, First Hawaiian has a consensus rating of “Hold” and a consensus price target 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.