First Hawaiian, Inc. (FHB) to Issue Quarterly Dividend of $0.26 on May 29th

First Hawaiian, Inc. (NASDAQ:FHB) announced a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, May 18th will be given a dividend of 0.26 per share by the bank on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, May 18th.

First Hawaiian has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect First Hawaiian to earn $2.46 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 42.3%.

First Hawaiian Stock Down 0.9%

Shares of FHB opened at $26.41 on Friday. The stock has a fifty day simple moving average of $25.65 and a two-hundred day simple moving average of $25.74. The company has a market capitalization of $3.21 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.96 and a beta of 0.75. First Hawaiian has a 52-week low of $22.65 and a 52-week high of $28.35.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $220.35 million during the quarter, compared to analyst estimates of $223.59 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same period last year, the company earned $0.47 earnings per share. As a group, equities analysts anticipate that First Hawaiian will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FHB has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of First Hawaiian from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Piper Sandler increased their price target on shares of First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Stephens set a $28.00 price target on shares of First Hawaiian in a research report on Monday, April 27th. TD Cowen boosted their price objective on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, First Hawaiian currently has an average rating of “Reduce” and a consensus price target of $27.56.

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.