Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Misses Estimates By $0.05 EPS

Bank of Hawaii (NYSE:BOH - Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05), Briefing.com reports. The company had revenue of $252.64 million during the quarter, compared to the consensus estimate of $160.79 million. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. During the same period in the prior year, the firm posted $1.14 earnings per share.

Bank of Hawaii Stock Performance

BOH traded down $0.21 on Tuesday, reaching $58.20. The company had a trading volume of 334,519 shares, compared to its average volume of 343,711. Bank of Hawaii has a fifty-two week low of $30.83 and a fifty-two week high of $75.19. The stock has a market cap of $2.31 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.96 and a beta of 1.06. The company's fifty day moving average is $60.41 and its 200 day moving average is $60.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 31st. This represents a $2.80 annualized dividend and a dividend yield of 4.81%. Bank of Hawaii's dividend payout ratio is presently 67.47%.

Wall Street Analysts Forecast Growth

BOH has been the topic of several recent research reports. Barclays lowered their price target on shares of Bank of Hawaii from $51.00 to $50.00 and set an "underweight" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an "underperform" rating in a research note on Tuesday. Piper Sandler lowered their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday. StockNews.com upgraded shares of Bank of Hawaii to a "sell" rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group lowered their price target on shares of Bank of Hawaii from $67.00 to $62.00 and set a "hold" rating on the stock in a research note on Monday, April 8th. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $52.20.

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.