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

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.26 per share by the bank on Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, November 18th.

First Hawaiian has a payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Hawaiian to earn $1.64 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 63.4%.

First Hawaiian Stock Down 0.1 %

Shares of First Hawaiian stock opened at $27.20 on Friday. First Hawaiian has a 52 week low of $18.77 and a 52 week high of $28.38. The stock’s 50-day simple moving average is $24.24 and its 200-day simple moving average is $22.90. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 15.54 and a beta of 0.96.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th. Barclays lifted their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Piper Sandler raised their price objective on shares of First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their target price on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group raised their price target on First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, First Hawaiian has a consensus rating of “Reduce” and a consensus price target of $24.33.

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.