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

First Hawaiian, Inc. (NASDAQ:FHB) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Monday, May 18th will be paid a dividend of 0.26 per share by the bank on Friday, May 29th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, May 18th.

First Hawaiian has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Hawaiian to earn $2.46 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 42.3%.

First Hawaiian Trading Down 0.9%

Shares of FHB opened at $26.41 on Friday. First Hawaiian has a 12 month low of $22.65 and a 12 month high of $28.35. The firm has a fifty day simple moving average of $25.65 and a 200 day simple moving average of $25.74. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.96 and a beta of 0.75.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, April 24th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 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 $220.35 million during the quarter, compared to analysts’ expectations of $223.59 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, research analysts predict that First Hawaiian will post 2.33 earnings per share for the current fiscal year.

Institutional Trading of First Hawaiian

A number of hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund lifted its stake in shares of First Hawaiian by 0.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 65,002 shares of the bank’s stock worth $1,602,000 after buying an additional 397 shares during the last quarter. Evolve Private Wealth LLC lifted its holdings in First Hawaiian by 1.6% during the 1st quarter. Evolve Private Wealth LLC now owns 26,105 shares of the bank’s stock worth $643,000 after purchasing an additional 406 shares during the last quarter. GAMMA Investing LLC lifted its holdings in First Hawaiian by 9.4% during the 4th quarter. GAMMA Investing LLC now owns 5,626 shares of the bank’s stock worth $142,000 after purchasing an additional 485 shares during the last quarter. Parallel Advisors LLC lifted its holdings in First Hawaiian by 11.3% during the 1st quarter. Parallel Advisors LLC now owns 5,171 shares of the bank’s stock worth $127,000 after purchasing an additional 525 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after purchasing an additional 534 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

About First Hawaiian

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.