Bank of Hawaii (NYSE:BOH) posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.08), RTT News reports. Bank of Hawaii had a return on equity of 15.48% and a net margin of 26.80%. The company had revenue of $160.63 million for the quarter, compared to the consensus estimate of $162.90 million. During the same quarter in the previous year, the business earned $1.02 earnings per share.
Bank of Hawaii (BOH) traded up $2.07 on Wednesday, hitting $84.46. The stock had a trading volume of 151,249 shares, compared to its average volume of 256,022. The stock has a market cap of $3,480.73, a PE ratio of 19.46, a PEG ratio of 1.86 and a beta of 0.85. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.21. Bank of Hawaii has a 52 week low of $74.72 and a 52 week high of $89.09.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Tuesday, February 27th. Bank of Hawaii’s payout ratio is presently 47.93%.
Bank of Hawaii declared that its board has approved a share buyback plan on Monday, October 23rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Several research firms recently issued reports on BOH. Keefe, Bruyette & Woods restated a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii in a research report on Friday, December 22nd. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $92.50 price objective on shares of Bank of Hawaii in a report on Tuesday, January 9th. Compass Point upgraded Bank of Hawaii from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Finally, Barclays increased their price objective on 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 research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Bank of Hawaii currently has a consensus rating of “Hold” and an average price target of $91.92.
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About Bank of Hawaii
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.
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