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

First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 17th will be given a dividend of 0.26 per share by the bank on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 17th.

First Hawaiian has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Hawaiian to earn $2.57 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 40.5%.

Get First Hawaiian alerts:

First Hawaiian Stock Down 1.9%

NASDAQ:FHB traded down $0.54 during mid-day trading on Friday, hitting $28.11. 4,395,099 shares of the stock traded hands, compared to its average volume of 1,787,597. First Hawaiian has a 52 week low of $22.65 and a 52 week high of $30.58. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.57 and a beta of 0.72. The firm’s 50 day moving average is $28.34 and its two-hundred day moving average is $26.84.

First Hawaiian (NASDAQ:FHB – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The business had revenue of $231.27 million during the quarter, compared to the consensus estimate of $227.77 million. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, research analysts predict that First Hawaiian will post 2.38 EPS for the current year.

First Hawaiian Company Profile

(Get Free Report)

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.

Recommended Stories

• Five stocks we like better than First Hawaiian
• AMD and Cerbras Create A New Blueprint For Hardware
• Intel Earnings Reveal Whether the Chip Selloff Created a Buy
• CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
• Plugging In: How Kinder Morgan Powers Up Profits

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.