Dividend Runner: Can First Hawaiian, Inc. (NASDAQ:FHB) truly back claims of $0.20 dividends by Dec 9, 2016?

Dividend Runner: Can First Hawaiian, Inc. (NASDAQ:FHB) truly back claims of $0.20 dividends by Dec 9, 2016?

First Hawaiian, Inc. (NASDAQ:FHB) is expected to pay $0.20 on Dec 9, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on First Hawaiian, Inc.’s current price of $30.48, the dividend is 0.66%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 17, 2016. The stock increased 2.18% or $0.65 during the last trading session, hitting $30.48. First Hawaiian Inc (NASDAQ:FHB) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

First Hawaiian, Inc. is a bank holding company. The company has a market cap of $4.29 billion. The Company’s subsidiary, First Hawaiian Bank, is a financial institution. It has a 18.99 P/E ratio. The Company’s Retail Banking segment serves retail clients and small businesses and offers a range of services and products that include deposit products, mortgage and home equity lending, auto financing, business loans and wealth management services.

First Hawaiian Inc (NASDAQ:FHB) Ratings Coverage

Out of 10 analysts covering First Hawaiian (NASDAQ:FHB), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. First Hawaiian has been the topic of 10 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The stock of First Hawaiian Inc (NASDAQ:FHB) earned “Neutral” rating by UBS on Monday, August 29. The firm has “Market Perform” rating by Wells Fargo given on Monday, August 29. The rating was initiated by JP Morgan on Monday, August 29 with “Overweight”. The firm has “Hold” rating given on Monday, August 29 by Deutsche Bank. The firm earned “Overweight” rating on Monday, August 29 by Barclays Capital. The firm has “Buy” rating given on Thursday, August 11 by Compass Point. The firm earned “Neutral” rating on Monday, August 29 by Citigroup. The firm has “Neutral” rating given on Monday, August 29 by Goldman Sachs. Keefe Bruyette & Woods initiated it with “Market Perform” rating and $27 target price in Monday, August 29 report. As per Monday, August 29, the company rating was initiated by Credit Suisse.

FHB Company Profile

First Hawaiian, Inc. is a bank holding company. The Company’s subsidiary, First Hawaiian Bank, is a financial institution. The Firm operates through three divisions: Retail Banking; Commercial Banking; and Treasury and Other. Retail Banking serves retail clients and small businesses and offers a range of services and products that include deposit products, mortgage and home equity lending, auto financing, business loans and wealth management services. Commercial Banking offers a range of financial services and products, including corporate banking, residential and commercial real estate lending, commercial lease financing, auto dealer financing, deposit products and credit cards. Commercial lending and deposit products are offered primarily to middle-market and large companies in Hawaii, Guam, Saipan and California. Treasury and Other segment includes its treasury business. The bank has approximately 57 branches throughout Hawaii, over three in Guam and approximately two in Saipan. It offers a range of banking services to consumer and commercial customers, including deposit products, lending services and wealth management, insurance, private banking and trust services.

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