First Hawaiian Inc (FHB) to Issue Quarterly Dividend of $0.26 on September 6th

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.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. First Hawaiian had a net margin of 31.56% and a return on equity of 11.48%. The firm had revenue of $194.39 million for the quarter, compared to analyst estimates of $196.31 million. During the same period in the prior year, the business posted $0.50 EPS. As a group, research analysts predict that First Hawaiian will post 2.12 EPS for the current fiscal year.

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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Dividend History for First Hawaiian (NASDAQ:FHB)

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