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

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Friday, July 26th, Zacks reports. Investors of record on Monday, August 19th will be paid a dividend of 0.26 per share by the bank on Friday, August 30th. This represents a $1.04 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Monday, August 19th.

First Hawaiian has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Hawaiian to earn $1.78 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 58.4%.

First Hawaiian Stock Up 3.9 %

FHB stock opened at $26.10 on Friday. First Hawaiian has a twelve month low of $17.18 and a twelve month high of $26.18. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.00 and a beta of 0.99. The firm’s fifty day simple moving average is $21.31 and its two-hundred day simple moving average is $21.42.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, July 26th. The bank reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. First Hawaiian had a net margin of 19.20% and a return on equity of 9.16%. The firm had revenue of $204.62 million during the quarter, compared to analysts’ expectations of $202.94 million. As a group, equities research analysts expect that First Hawaiian will post 1.71 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on First Hawaiian from $20.00 to $18.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. cut their price objective on First Hawaiian from $25.50 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Finally, Barclays decreased their target price on First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $21.50.

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.