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

First Hawaiian, Inc. (NASDAQ:FHB) 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.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, July 26th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $204.62 million during the quarter, compared to the consensus estimate of $202.94 million. First Hawaiian had a net margin of 19.20% and a return on equity of 9.16%. Research analysts forecast that First Hawaiian will post 1.71 earnings per share for the current fiscal year.

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.

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.