First Hawaiian (FHB) Drops 1.02% Despite 4% Dividend Yield

First Hawaiian (FHB) shares experienced a slight decline of 1.02% today, reaching their highest level since March 2025 with an intraday gain of 1.10%.

Barclays recently downgraded First Hawaiian's stock rating from Equalweight to Underweight, and reduced the price target from $27.00 to $25.00. This move indicates a decrease in investor confidence, which could negatively impact the stock price. The downgrade suggests that Barclays has concerns about the company's future performance or market conditions, leading to a more cautious outlook.

Despite the downgrade, First Hawaiian's shares are yielding above the 4% mark based on its quarterly dividend. This high dividend yield could attract income-focused investors, potentially providing some support to the stock price. Investors seeking steady income streams may find First Hawaiian's dividend attractive, which could help mitigate the negative impact of the downgrade.