First Hawaiian, Inc. (FHB) To Go Ex-Dividend on November 18th

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Investors of record on Monday, November 18th will be paid a dividend of 0.26 per share by the bank on Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Monday, November 18th.

First Hawaiian has a dividend payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Analysts expect First Hawaiian to earn $1.64 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 63.4%.

First Hawaiian Stock Performance

Shares of First Hawaiian stock traded down $0.04 during trading hours on Friday, hitting $27.20. The company’s stock had a trading volume of 632,952 shares, compared to its average volume of 649,446. The company has a market cap of $3.48 billion, a PE ratio of 15.54 and a beta of 0.96. The business has a 50 day moving average price of $24.24 and a two-hundred day moving average price of $22.90. First Hawaiian has a 12-month low of $18.77 and a 12-month high of $28.38.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Barclays raised their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. The Goldman Sachs Group boosted their price target on shares of First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company boosted their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, First Hawaiian has an average rating of “Reduce” and a consensus target price of $24.33.

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.