Bank of Hawaii Co. (BOH) To Go Ex-Dividend on November 29th

Bank of Hawaii Co. (NYSE:BOH) declared a quarterly dividend on Monday, October 28th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.70 per share by the bank on Friday, December 13th. This represents a $2.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, November 29th.

Bank of Hawaii has increased its dividend payment by an average of 1.5% per year over the last three years. Bank of Hawaii has a payout ratio of 76.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Bank of Hawaii to earn $3.46 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 80.9%.

Bank of Hawaii Stock Down 0.9 %

BOH stock opened at $79.81 on Wednesday. Bank of Hawaii has a one year low of $54.50 and a one year high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day moving average of $69.50 and a 200-day moving average of $64.40. The stock has a market capitalization of $3.17 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 5.29 and a beta of 1.03.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 11.33% and a net margin of 13.76%. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, analysts expect that Bank of Hawaii will post 3.52 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler increased their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price target on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. DA Davidson boosted their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barclays increased their target price on shares of Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Stephens assumed coverage on shares of Bank of Hawaii in a research report on Wednesday. They set an “overweight” rating and a $90.00 price target for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.00.

Insider Activity

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.47% of the company’s stock.

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.