Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Misses Estimates By $0.04 EPS

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings results on Monday. The bank reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04), Briefing.com reports. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The business had revenue of $255.62 million during the quarter, compared to analysts’ expectations of $157.12 million. During the same period in the previous year, the business earned $1.12 EPS.

Bank of Hawaii Stock Down 0.8 %

Bank of Hawaii stock traded down $0.57 during mid-day trading on Wednesday, reaching $67.77. The stock had a trading volume of 54,603 shares, compared to its average volume of 320,143. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.61 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.70. Bank of Hawaii has a one year low of $45.56 and a one year high of $75.19. The company has a 50-day moving average price of $58.67 and a two-hundred day moving average price of $60.51.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, August 30th. Bank of Hawaii’s dividend payout ratio is presently 72.16%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BOH. Jefferies Financial Group boosted their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Piper Sandler increased their target price on Bank of Hawaii from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $58.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, May 30th. Finally, Barclays lowered their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, Bank of Hawaii has an average rating of “Reduce” and an average price target of $58.50.

About Bank of Hawaii

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.