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

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.70 per share by the bank on Friday, December 13th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, November 29th.

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 tumble. Equities 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 Trading Up 0.6 %

Bank of Hawaii stock traded up $0.41 during mid-day trading on Tuesday, hitting $72.78. The company's stock had a trading volume of 399,811 shares, compared to its average volume of 320,016. The stock's fifty day moving average is $65.15 and its two-hundred day moving average is $61.92. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.89 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. Bank of Hawaii has a 1 year low of $48.83 and a 1 year high of $75.19.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. The firm had revenue of $265.76 million for the quarter, compared to analyst estimates of $160.29 million. During the same period in the previous year, the firm earned $1.17 EPS. On average, analysts anticipate that Bank of Hawaii will post 3.4 EPS for the current year.

Analysts Set New Price Targets

BOH has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a research report on Tuesday. Barclays increased their price target on Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a research note on Tuesday. Piper Sandler boosted their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a research note on Tuesday. Jefferies Financial Group increased their price objective 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. Finally, DA Davidson raised their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $64.80.

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.