Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Misses Estimates By $0.02 EPS

Bank of Hawaii (NYSE:BOH) released its quarterly earnings data on Monday. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02), Zacks reports. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $70.94 on Monday. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The stock has a market capitalization of $2.82 billion, a P/E ratio of 21.30 and a beta of 1.05. The company’s 50-day moving average is $73.39 and its 200 day moving average is $69.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now directly owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.11% of the company’s stock.

Analyst Upgrades and Downgrades

BOH has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens began coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target for the company. DA Davidson upped their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Barclays lifted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler increased their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average price target of $71.83.

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.