First Hawaiian, Inc. (FHB) To Go Ex-Dividend on February 14th

First Hawaiian, Inc. (NASDAQ:FHB) declared 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 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, February 14th.

First Hawaiian has a payout ratio of 49.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Hawaiian to earn $2.15 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 48.4%.

First Hawaiian Stock Performance

NASDAQ FHB traded down $0.44 during trading on Wednesday, hitting $27.31. The stock had a trading volume of 40,511 shares, compared to its average volume of 795,634. First Hawaiian has a 12 month low of $19.48 and a 12 month high of $28.80. The company’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $25.16. The company has a market capitalization of $3.49 billion, a PE ratio of 15.26, a P/E/G ratio of 3.39 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) 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 company posted $0.37 EPS. As a group, equities analysts anticipate that First Hawaiian will post 1.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FHB shares. JPMorgan Chase & Co. lifted their price target on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Piper Sandler upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Finally, Barclays upped 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 note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.00.

About First Hawaiian

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.