First Hawaiian Inc (NASDAQ:FHB) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.26 per share by the bank on Friday, September 6th. This represents a $1.04 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, August 23rd.
First Hawaiian has a payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Research 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 FHB stock opened at $25.36 on Wednesday. The firm’s 50 day moving average price is $25.63 and its 200-day moving average price is $26.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. First Hawaiian has a one year low of $21.19 and a one year high of $30.02. The firm has a market cap of $3.36 billion, a P/E ratio of 12.13, a P/E/G ratio of 4.26 and a beta of 1.14.
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, July 19th. ValuEngine lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. TheStreet upgraded shares of First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lowered shares of First Hawaiian from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $26.50 to $26.00 in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. First Hawaiian 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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