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

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

Bank of Hawaii Stock Down 0.7 %

BOH traded down $0.54 during midday trading on Wednesday, hitting $72.25. The company had a trading volume of 330,422 shares, compared to its average volume of 320,065. The stock’s 50 day moving average price is $65.30 and its 200 day moving average price is $61.99. Bank of Hawaii has a 52 week low of $48.83 and a 52 week high of $75.19. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 7.30 and a beta of 1.05. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44.

Bank of Hawaii Dividend Announcement

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

Insider Activity at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 13,717 shares in the company, valued at $991,327.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.