First Hawaiian, Inc. (NASDAQ:FHB) to Issue $0.26 Quarterly Dividend

by · The Markets Daily

First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 17th will be paid 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 dividend payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities 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%.

First Hawaiian Stock Performance

FHB stock traded down $0.54 during trading on Friday, reaching $28.11. 4,395,099 shares of the company traded hands, compared to its average volume of 1,787,597. First Hawaiian has a 12 month low of $22.65 and a 12 month high of $30.58. The business has a 50 day simple moving average of $28.34 and a 200 day simple moving average of $26.84. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.57 and a beta of 0.72.

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

Institutional Trading of First Hawaiian

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in First Hawaiian by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock worth $365,777,000 after purchasing an additional 358,632 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of First Hawaiian by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,693,630 shares of the bank’s stock worth $164,927,000 after buying an additional 313,362 shares during the period. State Street Corp lifted its stake in shares of First Hawaiian by 1.3% during the second quarter. State Street Corp now owns 5,883,194 shares of the bank’s stock worth $146,845,000 after buying an additional 77,478 shares during the period. AQR Capital Management LLC grew its holdings in shares of First Hawaiian by 68.6% during the fourth quarter. AQR Capital Management LLC now owns 3,720,826 shares of the bank’s stock valued at $94,137,000 after buying an additional 1,514,465 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in shares of First Hawaiian by 0.7% during the second quarter. Reinhart Partners LLC. now owns 2,660,876 shares of the bank’s stock valued at $77,964,000 after buying an additional 18,977 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

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