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

Bank of Hawaii (NYSE:BOH) announced its earnings results on Monday. The bank reported $0.87 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 company had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. During the same period in the prior year, the business posted $1.14 earnings per share.

Bank of Hawaii Stock Performance

Shares of BOH opened at $58.20 on Wednesday. Bank of Hawaii has a 12 month low of $30.83 and a 12 month high of $75.19. The stock has a fifty day moving average price of $60.41 and a 200-day moving average price of $60.81. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.31 billion, a PE ratio of 15.00, a P/E/G ratio of 1.96 and a beta of 1.06.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.81%. Bank of Hawaii’s dividend payout ratio is presently 72.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Piper Sandler decreased their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group decreased their price target on 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 decreased their price target on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target 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.