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

Bank of Hawaii (NYSE:BOH) posted its 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. Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. During the same period in the previous year, the company posted $1.14 EPS.

Bank of Hawaii Stock Down 0.4 %

Shares of NYSE:BOH opened at $58.20 on Wednesday. Bank of Hawaii has a one year low of $30.83 and a one year high of $75.19. The company has a 50 day moving average of $60.41 and a 200-day moving average 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 cap of $2.31 billion, a price-to-earnings 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, May 30th. Bank of Hawaii’s dividend payout ratio is 72.16%.

Wall Street Analysts Forecast Growth

BOH has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a report on Tuesday. Jefferies Financial Group decreased 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 report on Monday, April 8th. Barclays lowered their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday. Piper Sandler lowered their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average 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.