Bank of Hawaii (NYSE:BOH) Announces Quarterly Earnings Results

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings data on Monday. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05), Briefing.com reports. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The firm had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. During the same quarter in the previous year, the business posted $1.14 earnings per share.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $58.20 on Wednesday. The business’s 50 day moving average price is $60.41 and its two-hundred day moving average price is $60.81. The company has a market cap of $2.31 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii has a twelve month low of $30.83 and a twelve month high of $75.19.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Friday, May 31st. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Analysts Set New Price Targets

Several brokerages have weighed in on BOH. Jefferies Financial Group dropped their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a report on Monday, April 8th. Piper Sandler reduced their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday. Barclays dropped their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $52.20.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.