Bank of Hawaii Co. (BOH) to Issue Quarterly Dividend of $0.70 on November 29th

Bank of Hawaii Co. (NYSE:BOH) declared a quarterly dividend on Monday, October 28th, RTT News reports. Investors of record on Tuesday, October 29th will be paid a dividend of 0.70 per share by the bank on Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Tuesday, October 29th.

Bank of Hawaii has raised its dividend by an average of 1.5% annually over the last three years. Bank of Hawaii has a payout ratio of 81.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Bank of Hawaii to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 85.4%.

Bank of Hawaii Trading Up 0.6 %

Bank of Hawaii stock opened at $72.78 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Bank of Hawaii has a 12 month low of $48.83 and a 12 month high of $75.19. The company’s fifty day simple moving average is $65.15 and its 200-day simple moving average is $61.92. The stock has a market cap of $2.89 billion, a P/E ratio of 21.86, a P/E/G ratio of 7.30 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $265.76 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $1.17 EPS. As a group, sell-side analysts forecast that Bank of Hawaii will post 3.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday. Jefferies Financial Group boosted their price target on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Barclays raised their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, DA Davidson lifted their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, Bank of Hawaii has an average rating of “Hold” and a consensus price target of $64.80.

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.