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

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) declared a quarterly dividend on Monday, October 28th, RTT News reports. Investors of record on Friday, November 29th will be given a dividend of 0.70 per share by the bank on Friday, December 13th. This represents a $2.80 annualized dividend and a yield of 4.02%.

Bank of Hawaii has increased its dividend by an average of 1.5% per year over the last three years. Bank of Hawaii has a dividend payout ratio of 81.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities research analysts expect Bank of Hawaii to earn $3.28 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 85.4%.

Bank of Hawaii Stock Up 5.5 %

Shares of Bank of Hawaii stock traded up $3.62 during trading hours on Monday, hitting $69.65. 131,929 shares of the company's stock traded hands, compared to its average volume of 316,508. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. Bank of Hawaii has a twelve month low of $48.83 and a twelve month high of $75.19. The stock has a 50 day simple moving average of $64.85 and a 200-day simple moving average of $61.72. The company has a market cap of $2.77 billion, a PE ratio of 19.74, a PEG ratio of 7.30 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BOH shares. Keefe, Bruyette & Woods upgraded Bank of Hawaii from an "underperform" rating to a "market perform" rating and lifted their price objective for the stock from $60.00 to $67.00 in a report on Wednesday, October 2nd. DA Davidson lifted their price target on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. Piper Sandler downgraded shares of Bank of Hawaii from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $70.00 to $61.00 in a research note on Monday, August 12th. Finally, Jefferies Financial Group boosted their target price on shares of Bank of Hawaii from $53.00 to $54.00 and gave the stock a "hold" rating in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Bank of Hawaii has an average rating of "Hold" and a consensus target price of $60.40.

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.