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

Key Points

• First Hawaiian, Inc. has declared a quarterly dividend of $0.26 per share, which will be paid on November 28th to stockholders on record as of November 17th, representing a dividend yield of 4.2%.
• The company has a 49.8% payout ratio, indicating that the dividend is well-covered by earnings, with analysts projecting an EPS of $2.15 next year.
• Shares of First Hawaiian recently increased by 4.7%, trading at $24.78, with analysts offering mixed ratings including several "hold" and "underweight" assessments.

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Monday, November 17th will be given a dividend of 0.26 per share by the bank on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, November 17th.

First Hawaiian has a payout ratio of 49.8% indicating that 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 Up 4.7%

Shares of FHB stock traded up $1.11 on Friday, hitting $24.78. 2,011,267 shares of the stock were exchanged, compared to its average volume of 920,842. The firm has a market capitalization of $3.09 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 3.48 and a beta of 0.84. The business has a 50-day moving average of $24.94 and a 200 day moving average of $24.34. First Hawaiian has a fifty-two week low of $20.32 and a fifty-two week high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. First Hawaiian had a return on equity of 9.29% and a net margin of 21.45%.The company had revenue of $129.16 million during the quarter. As a group, research analysts forecast that First Hawaiian will post 1.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cowen assumed coverage on First Hawaiian in a research note on Wednesday, September 24th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. upped their price objective on First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. TD Cowen assumed coverage on First Hawaiian in a research note on Thursday, September 25th. They issued a "hold" rating and a $27.00 price objective on the stock. Wells Fargo & Company upped their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research note on Thursday, July 10th. Finally, Barclays restated an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, First Hawaiian currently has a consensus rating of "Reduce" and a consensus price target of $27.06.

About First Hawaiian

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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