Bank of Hawaii Co. (NYSE:BOH) declared a quarterly dividend on Monday, January 22nd, RTT News reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.52 per share by the bank on Wednesday, March 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.40%.

Bank of Hawaii has raised its dividend by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 2 years. Bank of Hawaii has a payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank of Hawaii to earn $5.16 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 40.3%.

Bank of Hawaii (NYSE BOH) opened at $86.73 on Monday. Bank of Hawaii has a fifty-two week low of $74.72 and a fifty-two week high of $89.39. The firm has a market cap of $3,684.17, a PE ratio of 19.94, a PEG ratio of 1.98 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.22.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.08). Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. During the same quarter last year, the business posted $1.02 EPS. sell-side analysts forecast that Bank of Hawaii will post 4.42 EPS for the current fiscal year.

BOH has been the topic of several research reports. Zacks Investment Research upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Morgan Stanley upped their target price on shares of Bank of Hawaii from $76.00 to $88.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Jefferies Group restated a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii in a report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii in a report on Friday, December 22nd. Finally, Barclays upped their target price on shares of Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $92.25.

Bank of Hawaii declared that its Board of Directors has authorized a stock repurchase plan on Monday, October 23rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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Bank of Hawaii Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Dividend History for Bank of Hawaii (NYSE:BOH)

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