Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Misses Estimates By $0.02 EPS

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings results on Monday. The bank reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02), RTT News reports. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same quarter in the prior year, the company posted $1.20 earnings per share.

Bank of Hawaii Stock Down 0.0%

NYSE:BOH opened at $70.57 on Monday. Bank of Hawaii has a fifty-two week low of $62.51 and a fifty-two week high of $86.31. The stock has a market capitalization of $2.78 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. The company’s 50-day simple moving average is $72.66 and its 200-day simple moving average is $77.12.

Wall Street Analyst Weigh In

BOH has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their price objective on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings lowered Bank of Hawaii from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Barclays dropped their target price on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Stephens downgraded Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Thursday, August 6th. Finally, DA Davidson boosted their target price on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.00.

Insider Activity at Bank of Hawaii

In related news, insider Marco Abbruzzese sold 2,441 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.97% of the stock is currently owned by company insiders.

About Bank of Hawaii

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.