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

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings data on Monday. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05), Briefing.com reports. The firm had revenue of $252.64 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $1.14 earnings per share.

Bank of Hawaii Price Performance

NYSE BOH opened at $58.20 on Wednesday. The business has a 50 day simple moving average of $60.41 and a 200 day simple moving average of $60.81. Bank of Hawaii has a 52-week low of $30.83 and a 52-week high of $75.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06.

Bank of Hawaii Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BOH. StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Jefferies Financial Group lowered their price target on 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. Keefe, Bruyette & Woods upped their price target on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. Barclays lowered 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. Finally, Piper Sandler lowered their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus 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.