First Hawaiian Inc (NYSE:FHB) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Monday, November 27th will be paid a dividend of 0.22 per share by the bank on Friday, December 8th. This represents a $0.88 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, November 24th.
Shares of First Hawaiian (NYSE:FHB) opened at 29.15 on Friday. First Hawaiian has a one year low of $26.27 and a one year high of $35.47. The firm has a 50-day moving average of $29.24 and a 200 day moving average of $29.15. The stock has a market capitalization of $4.07 billion and a price-to-earnings ratio of 18.22.
First Hawaiian (NYSE:FHB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $133.32 million during the quarter, compared to analysts’ expectations of $136.44 million. First Hawaiian had a net margin of 31.59% and a return on equity of 9.02%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. On average, equities research analysts predict that First Hawaiian will post $1.65 EPS for the current year.
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Several equities research analysts have issued reports on FHB shares. UBS AG reissued a “neutral” rating and issued a $29.00 price objective (down from $30.00) on shares of First Hawaiian in a research report on Monday, July 31st. BidaskClub cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Barclays PLC set a $32.00 price target on shares of First Hawaiian and gave the stock a “buy” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. First Hawaiian has an average rating of “Hold” and an average target price of $32.50.
First Hawaiian Company Profile
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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