Bank of Hawaii (NYSE:BOH) Announces Earnings Results

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

Bank of Hawaii Trading Down 0.4 %

BOH traded down $0.24 during trading on Thursday, hitting $66.33. 571,559 shares of the company's stock were exchanged, compared to its average volume of 368,231. Bank of Hawaii has a 1 year low of $54.50 and a 1 year high of $82.70. The stock has a 50 day moving average price of $67.38 and a 200 day moving average price of $70.91. The firm has a market cap of $2.64 billion, a P/E ratio of 19.17 and a beta of 0.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.22%. Bank of Hawaii's payout ratio is 80.92%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays increased their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research note on Tuesday. Piper Sandler increased their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Finally, DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $73.17.

Insider Activity

In other news, CAO Patrick M. Mcguirk sold 2,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Taryn L. Salmon sold 449 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.07% of the company's stock.

Bank of Hawaii Company Profile

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.