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

Bank of Hawaii (NYSE:BOH) released its quarterly 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. The business had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. During the same period in the prior year, the business posted $1.14 earnings per share.

Bank of Hawaii Price Performance

Shares of BOH traded up $0.40 during mid-day trading on Wednesday, reaching $58.60. The company had a trading volume of 59,612 shares, compared to its average volume of 340,066. The company’s 50 day simple moving average is $60.41 and its 200 day simple moving average is $60.81. Bank of Hawaii has a 1-year low of $30.83 and a 1-year high of $75.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.96 and a beta of 1.06.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.78%. Bank of Hawaii’s payout ratio is currently 72.16%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BOH. Barclays reduced their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Piper Sandler reduced 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 research note on Tuesday. Jefferies Financial Group reduced their price objective on shares of 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. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating 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. According to data from MarketBeat, Bank of Hawaii presently has an average rating of “Reduce” and a consensus price target of $52.20.

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.