First Hawaiian Inc (NASDAQ:FHB) Announces Quarterly Dividend of $0.26
First Hawaiian Inc (NASDAQ:FHB) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Investors of record on Monday, August 26th will be paid a dividend of 0.26 per share by the bank on Friday, September 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Friday, August 23rd.
First Hawaiian has a payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Hawaiian to earn $2.17 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 47.9%.
Shares of NASDAQ:FHB traded up $0.11 during mid-day trading on Wednesday, reaching $25.41. The stock had a trading volume of 26,125 shares, compared to its average volume of 847,464. The firm has a market cap of $3.36 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 4.26 and a beta of 1.14. The firm has a 50 day simple moving average of $25.63 and a two-hundred day simple moving average of $26.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. First Hawaiian has a twelve month low of $21.19 and a twelve month high of $30.02.
FHB has been the topic of a number of analyst reports. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and cut their price target for the company from $26.50 to $26.00 in a research report on Monday, July 29th. ValuEngine downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. TheStreet upgraded shares of First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. Finally, BidaskClub upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.80.
About First Hawaiian
First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking 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 accepts various deposit products, including checking and savings accounts, and time deposit accounts.
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