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

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.26 per share by the bank on Friday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, November 16th.

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 $2.56 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 40.6%.

First Hawaiian Stock Down 3.0%

FHB stock traded down $0.79 during trading hours on Friday, hitting $25.34. The company’s stock had a trading volume of 5,798,257 shares, compared to its average volume of 1,874,799. The company has a market capitalization of $3.08 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.31 and a beta of 0.76. First Hawaiian has a 12 month low of $23.26 and a 12 month high of $30.58. The stock has a 50 day moving average price of $25.56 and a two-hundred day moving average price of $27.00.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, October 23rd. The bank reported $0.52 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.07). The company had revenue of $230.23 million for the quarter, compared to analyst estimates of $229.20 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same quarter last year, the business earned $0.59 EPS. Sell-side analysts expect that First Hawaiian will post 2.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FHB has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of First Hawaiian in a research report on Friday, October 2nd. Wells Fargo & Company cut their target price on shares of First Hawaiian from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Wednesday, September 30th. Stephens upgraded shares of First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 price target on the stock in a research report on Thursday, August 6th. Piper Sandler decreased their price objective on First Hawaiian from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Finally, Barclays raised their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, First Hawaiian presently has a consensus rating of “Hold” and a consensus price target of $29.00.

About First Hawaiian

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.