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

by · The Markets Daily

Bank of Hawaii (NYSE:BOH – Get Free Report) issued its quarterly earnings data on Monday. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11, Briefing.com reports. The company had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same quarter in the previous year, the company posted $1.17 earnings per share.

Bank of Hawaii Price Performance

Shares of NYSE BOH traded down $0.22 during trading hours on Tuesday, hitting $72.15. 21,860 shares of the stock were exchanged, compared to its average volume of 318,207. The company’s fifty day simple moving average is $64.98 and its two-hundred day simple moving average is $61.81. The company has a market cap of $2.87 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii has a 1-year low of $48.83 and a 1-year high of $75.19.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, October 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 78.43%.

Analyst Ratings Changes

Several analysts recently issued reports on BOH shares. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research note on Tuesday. DA Davidson boosted their target price on shares of Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Barclays upped their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday. Piper Sandler boosted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Jefferies Financial Group raised their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.00.

View Our Latest Analysis on Bank of Hawaii

Bank of Hawaii Company Profile

(Get Free Report)

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.

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