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

Bank of Hawaii (NYSE:BOH) released its quarterly earnings data on Monday. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04), Briefing.com reports. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. During the same period in the previous year, the business earned $1.14 earnings per share.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $58.42 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $60.45 and a two-hundred day moving average of $60.74. Bank of Hawaii has a 52 week low of $30.83 and a 52 week high of $75.19. The company has a market cap of $2.32 billion, a P/E ratio of 14.08, a PEG ratio of 1.96 and a beta of 1.06.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.79%. Bank of Hawaii’s dividend payout ratio (DPR) is 67.47%.

Analysts Set New Price Targets

BOH has been the topic of several research reports. StockNews.com raised Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Piper Sandler cut their price objective on Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Barclays began coverage on Bank of Hawaii in a research report on Friday, March 8th. They set an “underweight” rating and a $51.00 target price on the stock. Jefferies Financial Group dropped their target price on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $53.60.

Bank of Hawaii Company Profile

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.