First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) declared a quarterly dividend on Friday, July 26th, Zacks reports. Investors of record on Monday, August 19th will be given a dividend of 0.26 per share by the bank on Friday, August 30th. This represents a $1.04 annualized dividend and a yield of 3.98%. The ex-dividend date is Monday, August 19th.
First Hawaiian has a dividend payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.9 %
FHB opened at $26.10 on Friday. The company has a 50 day moving average of $21.31 and a 200 day moving average of $21.42. The company has a market cap of $3.34 billion, a PE ratio of 15.00 and a beta of 0.99. First Hawaiian has a 12 month low of $17.18 and a 12 month high of $26.18.
Analyst Ratings Changes
FHB has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of First Hawaiian from $25.50 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Wells Fargo & Company lowered their target price on shares of First Hawaiian from $20.00 to $18.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 25th. Finally, Barclays lowered their target price on shares of First Hawaiian from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, First Hawaiian currently has an average rating of “Reduce” and a consensus target price of $21.50.
Read Our Latest Report on First Hawaiian
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.
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