Bank of Hawaii (NYSE:BOH) Posts Earnings Results, Beats Estimates By $0.11 EPS

Bank of Hawaii (NYSE:BOH - Get Free Report) released its quarterly earnings data on Monday. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11, Briefing.com reports. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The firm had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. During the same quarter in the previous year, the company posted $1.17 earnings per share.

Bank of Hawaii Stock Performance

NYSE BOH traded up $0.41 during trading hours on Tuesday, reaching $72.78. 399,811 shares of the company were exchanged, compared to its average volume of 320,016. The stock has a market capitalization of $2.89 billion, a P/E ratio of 21.86, a P/E/G ratio of 7.30 and a beta of 1.05. 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 1 year low of $48.83 and a 1 year high of $75.19. The business's 50 day simple moving average is $65.15 and its 200-day simple moving average is $61.92.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii's dividend payout ratio (DPR) is currently 84.08%.

Analyst Ratings Changes

BOH has been the topic of several research reports. DA Davidson raised their price objective on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday. Piper Sandler raised their price target on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an "underweight" rating in a research report on Tuesday. Barclays boosted their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Hawaii from $67.00 to $74.00 and gave the stock a "market perform" rating in a report on Tuesday. Finally, Jefferies Financial Group raised their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, Bank of Hawaii currently has an average rating of "Hold" and a consensus price target of $64.80.

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.