First Hawaiian, Inc. (NASDAQ:FHB) Announces Quarterly Dividend of $0.26

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid 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 3.76%. The ex-dividend date of this dividend is Friday, February 14th.

First Hawaiian has a payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

FHB stock traded up $0.03 during trading on Monday, hitting $27.65. 938,963 shares of the company traded hands, compared to its average volume of 828,773. The company has a 50-day moving average of $26.41 and a 200-day moving average of $25.03. First Hawaiian has a 1 year low of $19.48 and a 1 year high of $28.80. The firm has a market capitalization of $3.54 billion, a PE ratio of 15.45 and a beta of 0.99.

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

Wall Street Analyst Weigh In

FHB has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday. Stephens began 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. Wells Fargo & Company raised their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday. Barclays boosted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, 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 report on Monday. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently 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.