Bank of Hawaii (NYSE:BOH – Get Free Report) posted its quarterly earnings results on Monday. The bank reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02), RTT News reports. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same quarter in the previous year, the business posted $1.20 earnings per share.
Bank of Hawaii Stock Performance
Bank of Hawaii stock opened at $70.57 on Monday. The stock’s 50 day moving average price is $72.66 and its 200 day moving average price is $77.12. The firm has a market capitalization of $2.78 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii has a one year low of $62.51 and a one year high of $86.31.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on BOH shares. Piper Sandler decreased their price objective on shares of Bank of Hawaii from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Benchmark reissued a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. Stephens lowered shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a report on Thursday, August 6th. Barclays decreased their price target on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Finally, DA Davidson increased their price target on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.00.
View Our Latest Stock Analysis on BOH
Insiders Place Their Bets
In other Bank of Hawaii news, insider Marco Abbruzzese sold 2,441 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.97% of the stock is currently owned by corporate insiders.
Bank of Hawaii Company Profile
Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.
Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.
The company also provides wealth management, trust, investment management, and private banking services.
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