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

Bank of Hawaii (NYSE:BOH) issued its earnings results on Monday. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05), Briefing.com reports. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. During the same quarter in the prior year, the business earned $1.14 earnings per share.

Bank of Hawaii Stock Down 0.4 %

BOH stock opened at $58.20 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.31 billion, a PE ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06. Bank of Hawaii has a twelve month low of $30.83 and a twelve month high of $75.19. The stock has a 50-day simple moving average of $60.41 and a two-hundred day simple moving average of $60.81.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 72.16%.

Analysts Set New Price Targets

Several equities analysts have weighed in on BOH shares. Keefe, Bruyette & Woods raised their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Jefferies Financial Group lowered their target price on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Piper Sandler lowered their target price on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays lowered their target price on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Four equities 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 stock currently has a consensus rating of “Reduce” and an average target price of $52.20.

Bank of Hawaii Company Profile

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.