Bank of Hawaii (NYSE:BOH) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Bank of Hawaii (NYSE:BOH) released its quarterly earnings results on Monday. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05), Briefing.com reports. The firm had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. During the same quarter in the prior year, the firm earned $1.14 earnings per share.

Bank of Hawaii Stock Down 0.4 %

BOH stock opened at $58.20 on Wednesday. Bank of Hawaii has a 1-year low of $30.83 and a 1-year high of $75.19. The business has a fifty day moving average price of $60.41 and a 200-day moving average price of $60.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $2.31 billion, a P/E 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 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. This represents a $2.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, May 31st. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group lowered their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Barclays lowered their price objective on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. Finally, Piper Sandler lowered their price objective on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price 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.