Shares in First Hawaiian Bank’s parent company rose in Nasdaq trading Friday for the second straight day as the momentum continued from the previous day’s initial public offering.

First Hawaiian Inc.’s stock gained 59 cents, or 2.4 percent, to close at $24.84. The volume, as expected, slowed from the opening-day euphoria as 1.1 million shares exchanged hands.

On Thursday the volume was 11.6 million.

The market capitalization of the state’s largest bank remained the highest of any publicly traded company in the state as it increased to $3.46 billion to expand its lead over Hawaiian Electric Industries Inc., which rose 21 cents to $30.80 in boosting its market cap to $3.33 billion.

Bank of Hawaii Corp.’s stock jumped $2.17, or 3.2 percent, to $69.81 in lifting its market cap to $2.99 billion.

First Hawaiian, which has said it will declare a 20-cent dividend that will be payable at a yet-to-be-determined date in the fourth quarter, saw that implied yield decrease to 3.2 percent because of its rising stock price.

On Friday the bank’s stock never fell below its previous-day closing price of $24.25. First Hawaiian’s shares opened at $24.58 and briefly touched $25 near the close before giving a little ground.

First Hawaiian’s shares gained 5.4 percent on its first day of trading to close up $1.25 after being priced at $23.

The IPO raised about $485 million for BNP Paribas, whose ownership of First Hawaiian dropped to 84.9 percent.