Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Beats Estimates By $0.11 EPS

Bank of Hawaii (NYSE:BOH) issued its quarterly earnings data on Monday. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11, Briefing.com reports. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The business had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. During the same period in the prior year, the firm posted $1.17 EPS.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock traded down $0.54 during trading hours on Wednesday, reaching $72.25. The company had a trading volume of 330,422 shares, compared to its average volume of 320,065. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii has a one year low of $48.83 and a one year high of $75.19. The firm has a market cap of $2.87 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. The business has a fifty day simple moving average of $65.30 and a 200 day simple moving average of $61.99.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Analyst Upgrades and Downgrades

BOH has been the topic of a number of recent analyst reports. Piper Sandler lifted their target price on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday. DA Davidson boosted their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays raised their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday. Jefferies Financial Group upped their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.80.

Insider Buying and Selling

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares of the company’s stock, valued at $991,327.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.47% of the stock is currently owned by insiders.

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.