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

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Friday, February 13th will be given a dividend of 0.26 per share by the bank on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th.

First Hawaiian has a dividend payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

FHB traded down $1.02 on Friday, reaching $26.55. 2,527,508 shares of the stock were exchanged, compared to its average volume of 1,582,319. The firm has a market capitalization of $3.28 billion, a PE ratio of 12.95, a PEG ratio of 1.90 and a beta of 0.73. First Hawaiian has a fifty-two week low of $20.32 and a fifty-two week high of $28.35. The company’s 50-day moving average price is $26.11 and its 200 day moving average price is $25.26.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.The company had revenue of $199.68 million during the quarter, compared to analysts’ expectations of $225.33 million. During the same period in the prior year, the business earned $0.41 EPS. As a group, equities analysts forecast that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on FHB shares. Piper Sandler boosted their target price on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. TD Cowen reduced their price objective on First Hawaiian from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. The Goldman Sachs Group set a $27.50 target price on First Hawaiian and gave the company a “sell” rating in a research report on Tuesday, January 6th. Zacks Research lowered First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. Finally, Keefe, Bruyette & Woods raised their price target on First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, October 28th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $27.64.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.