Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Misses Estimates By $0.05 EPS

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings data on Monday. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05), Briefing.com reports. The company had revenue of $252.64 million for the quarter, compared to analyst estimates 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 Stock Performance

NYSE BOH opened at $58.20 on Wednesday. The business’s 50-day moving average price is $60.41 and its 200 day moving average price is $60.81. Bank of Hawaii has a twelve month low of $30.83 and a twelve month high of $75.19. The company has a market capitalization of $2.31 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45.

Bank of Hawaii Announces Dividend

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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.81%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Piper Sandler reduced their price objective on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. 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 upped their price target on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research note on Tuesday. Jefferies Financial Group cut 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. Finally, StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price 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.