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

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

Bank of Hawaii Price Performance

Shares of NYSE:BOH traded up $0.20 during midday trading on Tuesday, reaching $72.57. 32,996 shares of the company were exchanged, compared to its average volume of 318,261. The business’s fifty day moving average is $64.98 and its two-hundred day moving average is $61.81. Bank of Hawaii has a one year low of $48.83 and a one year high of $75.19. The stock has a market cap of $2.88 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 current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 yield of 3.86%. The ex-dividend date is Tuesday, October 29th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 78.43%.

Analyst Upgrades and Downgrades

BOH has been the subject of several recent research reports. 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 report on Tuesday. Piper Sandler increased their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday. DA Davidson raised their target price on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Jefferies Financial Group upped their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Finally, Barclays increased their price objective on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

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.