Bank of Hawaii Co. (NYSE:BOH) Announces $0.70 Quarterly Dividend

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.70 per share by the bank on Friday, March 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, February 28th.

Bank of Hawaii has raised its dividend payment by an average of 0.7% annually over the last three years. Bank of Hawaii has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Hawaii to earn $4.38 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 63.9%.

Bank of Hawaii Trading Down 0.2 %

BOH stock traded down $0.14 during midday trading on Friday, reaching $74.58. 153,450 shares of the company's stock traded hands, compared to its average volume of 441,669. The business has a 50-day moving average price of $73.19 and a two-hundred day moving average price of $69.44. Bank of Hawaii has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $2.96 billion, a P/E ratio of 21.56 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. Equities research analysts forecast that Bank of Hawaii will post 3.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BOH. 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 report on Tuesday. Piper Sandler raised their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday. Barclays boosted their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Stephens assumed coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an "overweight" rating and a $90.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $73.00.

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.