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

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

Bank of Hawaii Stock Down 0.4 %

Shares of NYSE:BOH opened at $58.20 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii has a 1 year low of $30.83 and a 1 year high of $75.19. The stock has a market capitalization of $2.31 billion, a P/E ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06. The stock has a 50-day simple moving average of $60.41 and a 200-day simple moving average of $60.81.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Wall Street Analyst Weigh In

BOH has been the subject of several research reports. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Barclays cut their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price 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. Piper Sandler cut their target price on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group cut their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $52.20.

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.