Bank of Hawaii (NYSE:BOH) Issues Earnings Results

Bank of Hawaii (NYSE:BOH) posted its quarterly earnings data on Monday. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04), Briefing.com reports. The firm had revenue of $255.62 million during the quarter, compared to the consensus estimate of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same quarter last year, the company posted $1.12 EPS.

Bank of Hawaii Price Performance

NYSE BOH opened at $66.29 on Thursday. Bank of Hawaii has a one year low of $45.56 and a one year high of $75.19. The stock has a 50-day moving average of $58.79 and a 200 day moving average of $60.55. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 17.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 0.71.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.80 annualized dividend and a yield of 4.22%. Bank of Hawaii’s payout ratio is 72.16%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BOH shares. Barclays decreased 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, April 23rd. Jefferies Financial Group raised their price target on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $58.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, May 30th. Finally, Piper Sandler raised their price target on Bank of Hawaii from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price 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.