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

First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.26 per share by the bank on Friday, February 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, February 14th.

First Hawaiian has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Hawaiian to earn $1.89 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 55.0%.

First Hawaiian Price Performance

FHB stock traded up $0.14 during midday trading on Thursday, hitting $28.18. The company's stock had a trading volume of 629,143 shares, compared to its average volume of 846,635. The company's fifty day moving average price is $26.41 and its 200 day moving average price is $25.10. First Hawaiian has a twelve month low of $19.48 and a twelve month high of $28.80. The stock has a market capitalization of $3.60 billion, a P/E ratio of 15.74 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same period last year, the firm earned $0.37 EPS. Equities analysts expect that First Hawaiian will post 1.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on FHB shares. Barclays upped their target price on First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Monday. Stephens assumed coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research report on Monday. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $29.00.

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.