Bank of Hawaii (NYSE:BOH) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Bank of Hawaii (NYSE:BOH) posted its quarterly earnings data on Monday. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04), Briefing.com reports. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The firm had revenue of $255.62 million during the quarter, compared to analysts’ expectations of $157.12 million. During the same quarter in the previous year, the company posted $1.12 earnings per share.

Bank of Hawaii Trading Down 3.0 %

Shares of NYSE BOH traded down $2.05 during midday trading on Wednesday, reaching $66.29. The company had a trading volume of 355,255 shares, compared to its average volume of 321,426. Bank of Hawaii has a one year low of $45.56 and a one year high of $75.19. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $58.67 and its 200-day moving average price is $60.51. The stock has a market cap of $2.63 billion, a PE ratio of 17.61 and a beta of 1.06.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Friday, August 30th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Wall Street Analysts Forecast Growth

BOH has been the subject of a number of research reports. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Thursday, May 30th. Piper Sandler upped their price objective on Bank of Hawaii from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays cut their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, April 23rd. Jefferies Financial Group upped their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, Bank of Hawaii currently has an average rating of “Reduce” and an average target price of $58.50.

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.