Bank of Hawaii (NYSE:BOH) Issues Quarterly Earnings Results

Key Points

• Bank of Hawaii reported quarterly EPS of $1.49, narrowly missing analysts’ consensus estimate of $1.51 but improving from $1.20 in the same quarter last year. Net margin was 21.84% and return on equity was 15.72%.
• Shares opened at $70.57, with a market capitalization of approximately $2.78 billion and a 52-week range of $62.51 to $86.31.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from eight analysts, with an average price target of $85.00; recent firms reduced ratings or price targets, while one maintained an outperform view.

Bank of Hawaii (NYSE:BOH - Get Free Report) posted its earnings results on Monday. The bank reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02), RTT News reports. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same quarter in the previous year, the company earned $1.20 EPS.

Bank of Hawaii Price Performance

Bank of Hawaii stock opened at $70.57 on Monday. Bank of Hawaii has a 1 year low of $62.51 and a 1 year high of $86.31. The firm has a 50 day moving average price of $72.66 and a 200 day moving average price of $77.12. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.86 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70.

Insider Buying and Selling

In other Bank of Hawaii news, insider Marco Abbruzzese sold 2,441 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on BOH shares. Piper Sandler dropped their price target on Bank of Hawaii from $85.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, October 1st. Stephens cut Bank of Hawaii from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a research report on Thursday, August 6th. Keefe, Bruyette & Woods cut their target price on shares of Bank of Hawaii from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. DA Davidson upped their target price on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Benchmark reiterated a "hold" rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $85.00.

About Bank of Hawaii

Bank of Hawaii Corporation is the parent company of Bank of Hawaii, a regional financial institution headquartered in Honolulu. Founded in 1897, the bank provides banking and financial services to consumers, businesses, and government entities, with a primary focus on Hawaii and selected Pacific markets.

Its consumer banking business offers deposit accounts, residential and consumer lending, credit cards, online and mobile banking, and other personal financial products. Through its commercial banking operations, Bank of Hawaii provides business loans, commercial real estate financing, treasury management, payments, and deposit services to companies and institutions.

The company also provides wealth management, trust, investment management, and private banking services.

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