Bank of Hawaii (NYSE:BOH) Announces Earnings Results

Bank of Hawaii (NYSE:BOH - Get Free Report) posted its earnings results on Monday. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08, RTT News reports. The company had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period in the previous year, the firm posted $0.87 earnings per share.

Bank of Hawaii Stock Performance

BOH stock traded down $0.44 on Friday, reaching $65.90. 314,947 shares of the company were exchanged, compared to its average volume of 368,116. The firm has a market capitalization of $2.62 billion, a PE ratio of 19.05 and a beta of 0.87. Bank of Hawaii has a 12 month low of $54.50 and a 12 month high of $82.70. The stock's fifty day moving average price is $67.23 and its 200 day moving average price is $70.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.25%. Bank of Hawaii's dividend payout ratio is 78.65%.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares of the company's stock, valued at $740,703.60. This represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at $688,708.84. The trade was a 17.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BOH shares. DA Davidson upped their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Barclays upped their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Piper Sandler increased their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $73.17.

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.