Bank of Hawaii Co. to Issue Quarterly Dividend of $0.70 (NYSE:BOH)

Bank of Hawaii Co. (NYSE:BOH) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.70 per share by the bank on Friday, June 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, May 31st.

Bank of Hawaii has increased its dividend by an average of 1.5% annually over the last three years. Bank of Hawaii has a dividend payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Hawaii to earn $4.23 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 66.2%.

Bank of Hawaii Trading Up 0.0 %

Shares of Bank of Hawaii stock opened at $58.42 on Tuesday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. Bank of Hawaii has a 52-week low of $30.83 and a 52-week high of $75.19. The company’s 50-day simple moving average is $60.45 and its 200-day simple moving average is $60.74. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, equities research analysts anticipate that Bank of Hawaii will post 3.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Jefferies Financial Group reduced their price target on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Barclays assumed coverage on shares of Bank of Hawaii in a report on Friday, March 8th. They issued an “underweight” rating and a $51.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday, January 23rd. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $51.80.

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.