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

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings results on Monday. The bank reported $0.87 EPS 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 analysts’ expectations 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 business posted $1.14 EPS.

Bank of Hawaii Trading Down 0.4 %

Shares of BOH stock opened at $58.20 on Wednesday. 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 company has a market cap of $2.31 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.96 and a beta of 1.06. The stock has a 50 day simple moving average of $60.41 and a 200-day simple moving average of $60.81. Bank of Hawaii has a 1-year low of $30.83 and a 1-year high of $75.19.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid 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 is Friday, May 31st. Bank of Hawaii’s payout ratio is 72.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler cut their price target on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday. Barclays cut their target price on Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Jefferies Financial Group cut their target price on 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. Finally, StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Reduce” and an average price target 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.