First Hawaiian Inc (NASDAQ:FHB) declared a quarterly dividend on Friday, January 26th, Wall Street Journal reports. Shareholders of record on Monday, February 26th will be given a dividend of 0.24 per share by the bank on Friday, March 9th. This represents a $0.96 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Friday, February 23rd. This is a boost from First Hawaiian’s previous quarterly dividend of $0.22.
First Hawaiian (NASDAQ FHB) opened at $28.30 on Friday. The firm has a market capitalization of $3,950.37, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.06 and a beta of 0.35. First Hawaiian has a 12-month low of $26.30 and a 12-month high of $32.40.
First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.40 million. First Hawaiian had a return on equity of 9.09% and a net margin of 23.80%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. equities analysts expect that First Hawaiian will post 1.97 earnings per share for the current year.
Several research firms have weighed in on FHB. BidaskClub upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Barclays reduced their target price on First Hawaiian from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. JPMorgan Chase & Co. lowered First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Friday, January 26th. Citigroup reissued a “neutral” rating and set a $32.00 target price on shares of First Hawaiian in a report on Wednesday, January 24th. Finally, Zacks Investment Research raised First Hawaiian from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.75.
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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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